The Case Against Larry Summers

Federal Reserve chairman Ben Bernanke presents the Fed’s semi-annual monetary-policy report on Capitol Hill tomorrow, the start of tw0-day hearings.

On tap will be the Fed’s massive quantitative easing programs and the exit strategy out of them, a dicey proposition that analysts say ranks right up with the US’s exit strategy out of Iraq.

But although Bernanke is winning kudos and praise for making brilliant moves to save the US economy, chatter on the cocktail party circuit in Washington, DC is that Bernanke may not get asked back as the world’s most powerful central banker when his term expires in January 2010, due to a variety of reasons