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− | + | What worries me most about Summers is that I feel the biggest problem with Volcker and Greenspan (especially Greenspan) was the evolution of the Federal Reserve and its governance structures towards one with a single indispensable Leader; Bernanke, while clearly the face of the institution, has moved it to where minority views get aired and considered and occasionally eventually affect policy. I simply can’t imagine Summers cultivating that atmosphere. |