Jackson Hole Offered No Insights on Fed’s Bernanke Successor

When will President Barack Obama make up his mind on who he wants to nominate, and has the drawn-out process over the selection done any harm to the institution’s morale?

Summers, Yellen and former Fed Vice Chair Don Kohn are among the candidates Obama is considering to replace Fed chief Ben Bernanke when his terms ends in January.

At the prestigious central banker’s retreat in Wyoming’s stunning Grand Teton National Park which wrapped up on Saturday, both Yellen and Kohn, who also attended, steered away from discussing Bernanke’s succession with reporters.

Yellen, clearly aware of being under intense media scrutiny, seemed determined not to say anything that could be construed as news in her public remarks.

The rules of the event dictate that anything said during the sessions is on the record, and everything else is off the record, unless otherwise agreed.

Kohn joked with reporters about the lack of campaigning on his behalf, in contrast to the full-scale lobbying being done for Summers and Yellen, but otherwise declined to comment.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza