Analysis: Political leaders, Fed circle each other warily

11/11/2010 | Wall Street Journal, The

President Barack Obama, Federal Reserve Chairman Ben Bernanke and Republican congressional leaders Rep. John Boehner and Sen. Mitch McConnell all face dissent from within the ranks of their party or agency about the best way to approach the next two years. Each must keep the other in mind while navigating ways to stimulate the economy: Obama must decide whether to shift toward the center in deference to the results from the midterm elections; Bernanke must weigh his professional opinion against political reality; and the Republicans must decide whether bipartisan cooperation or resistance helps meets their political goals for 2012.

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Wall Street Journal, The

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