[disjunction]

[ QUOTE ]
Bernanke/Fed Chairs has a 6-yr term which will last past the next 2 elections, he's not loyal to anyone over and above the economy as a whole.

Clinton wasn't scared of AG, he was scared of the bond market, which took rates from 5.75% to 8.3% in 9 months because they didn't like his initial tax&spend policies and attempted restructuring of the US economy.

It wasn't AG who took long rates up 2.5% that fast...it was the market.

[/ QUOTE ]

Good 2nd and 3rd points, although I disagree with the first. Call it what you will, loyalty or synchronized philosophies, I doubt that he will be doing anything that the administration thinks is incorrect for short-term benefit.