The analysts are obtaining more and more confirmations of Ben Bernanke's resignation from the post of the American central bank's chairman. He has refused to participate in the annual Federal Reserve Forum the other day, although during 25 years of the FRS existence none of the previous chairmen had missed the event before. The White House has not released yet any official statements on this case, but Bernanke alluded to his leaving saying that he was not indispensable and the current easing policy could be followed by his receiver. According to Bloomberg, the Chairman, in his private conversation with Barack Obama, said that the crisis aftermath absolutely exhausted him. The list of contenders to replace Ben Bernanke consists of Vice Chairman Janet Yellen, former U.S. Treasury Secretary Timothy Geithner, and ex-director of the National Economic Council for President Barack Obama Lawrence Summers. Janet Yellen, the wife of Nobel prize winning economist George Akerlof, is a more likely candidate. “Mrs Yellen had been working alongside Bernanke for 10 years, she has been actively supporting the Fed's actions even when Washington had doubts in practicality of the dollar stimulation. Moreover, Janet Yellen enjoys a great respect of her colleagues,” said an expert in the U.S.A. As for Timothy Geithner, he shows no interest in coming back to Washington, because he retired and now is writing a book. However, if he is the president's pick, he probably will take the job. Lawrence Summers, which is at the bottom of the top 3, has a tense relationship with Barack Obama, who, by the way, highly appreciates professionalism and work experience of Summers. The experts are sure that the White House will make a decision about the full list in the nearest future, and announce the name of new chairman of the Federal Reserve System by September. The Ben Bernanke's term expires in January.
