The handoff at the Federal Reserve from Ben Bernanke to Janet Yellen, the president's presumptive pick for the post, will be the trickiest since Paul Volcker took over amid the double-digit inflation of 1979.
Sure, Alan Greenspan was hit by a stock-market crash two months after he was sworn in. Yet he inherited an economy in which unemployment was low and inflation was falling.
Read more...For a Yellen Fed, Smooth Transition Will Be Tall Order - WSJ.com
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