Jim Bianco on CNBC

At the end of the interview, Jim raised some eyebrows by suggesting Bernanke would not be reappointed (see the last 30 seconds).

This is not new. He argued this exact point last month: His view is a bit different. Greenspan made himself irreplaceable and no president would dare replace him.

Bernanke, while competent, has not achieved this status. So, Obama has the opportunity to appoint someone else if he so chooses. We believe he is seriously considering that possibility, which is why we would put the odds of his appointment at even money. Note that the Intrade market (in the tables to the right) puts the odds of a Bernanke reappointment at 77% to 79%.

Print Friendly, PDF & Email

Posted Under