Yesterday, I watched Treasury Secretary Timothy Geithner propose creating a more powerful Fed to help avert future financial crises. I couldn't help thinking while listening to testimony, that the Obama administration is creating a more powerful Fed in anticipation of nominating Larry Summers to replace Ben Bernanke as the new Fed Chairman.
If the Fed gets more powers, and Larry Summers in nominated, I will definitely prepare for significant inflation over the next 5 years.
For more on Reflections and Musings, check back every Saturday for a new segment.
This is not financial advice. Please consult a professional advisor.
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