Fed's Kohn Decides to Stick Around a Little Longer
Ben Bernanke may be smarter than previously suspected if he really did beg Don Kohn to stay on until September, realizing what he was getting into working side-by-side with Janet Yellen of course.
From our friends at the Fed:
Vice Chairman Donald L. Kohn announced on Friday that, at the request of Federal Reserve Chairman Ben S. Bernanke, he plans to remain on the Board until a new Governor is appointed but to leave no later than September 1. He had announced in March that he intended to resign at the expiration of his term as Vice Chairman on June 23, 2010. While he remains on the Board as a Governor, he will continue to participate in all Board and Federal Open Market Committee meetings.
This goes out to you, Federal Reserve Board of Governors. It's pretty much the best "break up to make up" song ever.
I shouldn't have to tell you that video is NSFW.