Mark is right that time is not on Chairman Bernanke’s side. If you saw the Ron Paul video earlier today, you can see what’s happening. I don’t have a strong view, although I believe most of the other bloggers are against.
Reminder: This is what Mark wrote about the Chairman’s being re-appointed in June.
I’d reappoint him. If forced to choose between Yellen and Summers, I’d choose Yellen.
Question: are these still the alternatives if Bernanke is not confirmed?
(video embedded above)
See also Bernanke’s nomination approved by Senate banking panel from the BBC