Romney's plan to dump Bernanke may hurt markets

Easy money will always have its defenders, but in this case, it's also a question of Wall Street liking the Fed chairman's stewardship. Will Romney's plan to replace Federal Reserve chairman Ben Bernanke result in damage to the markets? Some analysts apparently think so - or want you to think so. The Hill: Mitt Romney's promise to replace Federal Reserve Chairman Ben Bernanke if elected president is stirring anxiety among some financial analysts - who fear such a move could send the nation's markets tumbling. Romney, throughout his White House campaign, has argued he knows what needs to be done to get the economy running at full steam. But the concern among market watchers is that if Romney dumps Bernanke, whose term expires at the beginning of 2014, he would remove the person who some believe is the weak economy's primary lifeline. "There's a view that the economy cannot sustain itself, that it's really the Fed that is fueling economic growth, and that a post-Bernanke Fed ...(Read Full Post)

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