The Wenatchee World

Weather:

Weather

The latest extended forecast from The Weather Channel

Remove this weather forecast

Tonight

Lo45° Chance Showers

Tuesday

Hi62° Mostly Sunny

Tuesday Night

Lo45° Showers Likely

Wednesday

Hi55° Showers

Wednesday Night

Lo46° Showers

Thursday

Hi60° Chance Rain

Thursday Night

Lo46° Chance Rain

Friday

Hi54° Chance Rain

Friday Night

Lo50° Chance Rain

Saturday

Hi60° Chance Showers

The Fed’s applied progressivism

Send to Kindle
Print This

Because Ben Bernanke’s public persona is as mild as milk, the transformation in American governance in which he has participated is imperfectly understood and hence insufficiently deplored. The change is dramatized by two recent developments.

One was the campaigning by several constituencies for and against what supposedly were the two leading candidates — Larry Summers and Janet Yellen — to replace Bernanke as chairman of the Federal Reserve. The Fed can no longer be considered separated from politics.

View my optionsorSign in