It looks like Ben Bernanke’s confirmation vote is suddenly in jeopardy. I kind of doubt his doubters will ultimately have the guts to spike such a Village priority as his re-confirmation but I find the Bernanke-love kind of mysterious. The appeal of Ben Bernanke is that there really is basically nobody who’s better qualified on paper to lead the Fed in this time of crisis. But the problem is that he’s steadfastly refused to apply his own ideas for boosting growth. It’s bizarre.
Of course his nomination sinking would, at this point, have some unpredictable macroeconomic consequences all on its own.