Is Bernanke already a lame duck?
Fed chairman Bernanke may effectively already be a lame duck because he is likely to step down in early 2014.
- An increasingly isolated Fed chairman is not good for stability.
- It also suggests the Fed’s bias is shifting from more easing back towards tightening.
- As a consequence we should expect the Fed to embark on its exit strategy well ahead of its 2014 time line.
Read more in the attached analysis.