John At The Center

Which brings us to Bernanke, whose first four-year term as chairman will expire early next year. He has been pretty good—if far from perfect—as a crisis manager. But crisis management will not, one hopes, be the main job of the Fed over the next four years. Instead the challenge will managing a return to monetary normalcy (and prodding Congress and the Administration to return to fiscal normalcy) without choking off the economic recovery. Is Ben Bernanke the best person for that job? Who knows? He’s surely not the worst. But this much I know: If he cares about his future reputation, he shouldn’t seek reappointment in 2014.

via Is Ben Bernanke the right man at the Fed? – The Curious Capitalist – TIME.com.