The US president will recommend a new head of the Federal Reserve in the next few weeks to replace Ben Bernanke
John Robertson
PortfolioDirect
The US president will recommend a new head of the Federal Reserve in the next few weeks to replace Ben Bernanke. Bernanke has added his name to those of Volker and Greenspan as someone who has made an indelible impact. Unfortunately, the appointment of his successor will be mired in Washington politics. Janet Yellen, currently deputy to Bernanke, is the favourite in financial markets and, importantly for some, a woman. Former US Treasury Secretary Lawrence Summers is a White House insider, reputedly very smart but highly controversial bringing doubts about his capacity to carry off the role of steady hand on the tiller. A Yellen appointment is seen as a smooth transition. Summers will add market risk as the debate about his views coincides with the Fed beginning to phase down its stimulus.
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John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business strategist and investment market professional for over 30 years after starting his career as a Commonwealth Treasury economist in Canberra. Since being Australia's top-rated commodities analyst and chief economist at one of Australia' leading stockbroking firms, he has advised companies across the mining, consumer products, IT and biotech sectors on their equity market relations. He leads the firm's investment evaluation and security structuring activities on behalf of the Australian Small Scale Offerings Board (ASSOB), the world's first equity 'crowdfunding' investment platform. John Robertson discusses the interaction of mining and investment markets in his weekly 'From the Capital' column in Mining Journal.
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John Robertson
PortfolioDirect
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
Expertise
No areas of expertise
John Robertson
PortfolioDirect
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
Expertise
No areas of expertise
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