There was a lot of uncertainty and debate last summer and fall over whether President Obama would appoint Janet Yellen or Larry Summers as Federal Reserve chair. What wasn’t really up in the air was whether the new head of the world’s most powerful central bank would have a doctorate in economics.
How Economics PhDs Took Over the Federal Reserve
The Fed used to be run by bankers and lawyers. Now the economics professors have taken charge.
February 03, 2014