The Hill: Romney’s plan to dump Bernanke sparking anxiety on Wall Street
Apparently, there actually is a ray of daylight between Wall Street and Romney, at least on the issue of the Fed Chair.
http://thehill.com/blogs/on-the-money/economy/261823-romneys-plan-to-dump-bernanke-sparks-anxiety-on-wall-street
Mitt Romneys promise to replace Federal Reserve Chairman Ben Bernanke if elected president is stirring anxiety among some financial analysts who fear such a move could send the nations markets tumbling.
Romney, throughout his White House campaign, has argued he knows what needs to be done to get the economy running at full steam. But the concern among market watchers is that if Romney dumps Bernanke, whose term expires at the beginning of 2014, he would remove the person who some believe is the weak economy's primary lifeline.
"There's a view that the economy cannot sustain itself, that it's really the Fed that is fueling economic growth, and that a post-Bernanke Fed is just not as favorable to growth," said Brian Gardner, senior vice president of Washington research at Keefe, Bruyette and Woods.
Gardner wrote in a note to clients Thursday that
a Romney win could lead to a market decline, operating on the premise that Bernankes vow of long-term economic stimulus would then be short-lived.
MORE AT:
http://thehill.com/blogs/on-the-money/economy/261823-romneys-plan-to-dump-bernanke-sparks-anxiety-on-wall-street