John McCain Next To Endorse Bernanke Booting, Supports Volcker Or Taylor As Fed Chairman

No sooner did Jeff Merkley announce his opposition to Bernanke ahead of tomorrow’s reconfirmation farce/hearing, than key Republican Senator John McCain said that he was leaning against voting for the the Chairman. McCain said he would favour either former Fed Chief (and apparently only sane economist in the Administration) Paul Volcker, or ex-Treasury official, and creator of negative implied interest rates, John Taylor.

Read the whole story at Zero Hedge >>

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at