Will rates rise if Ben Bernanke is replaced?
Even if Chairman Ben Bernanke is replaced after his term expires, the risk of the Fed stepping on the brakes in 2013 appears small.
I was recently asked, “What will be the impact if Bernanke is replaced? Could a new Fed Chairman increase rates sooner than expected and put major pressure on the fixed income market?” My response: I see three scenarios under which rates might rise significantly:
1. Fed tightening…
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