3 ms·
I've heard it said that the Federal Reserve Chair is the second most powerful person in the world after the US President.
by Nicholas_C 11y ago
I've heard it said that the Federal Reserve Chair is the second most powerful person in the world after the US President.
- 6stringmerc 11y agoThe President of the US may have bigger weapons, but I'm of the opinion the tools used by the Federal Reserve may be more dangerous by scope of impact...
- throwaway1967 11y agoOne thing that is often talked about regarding "the most powerful people" is their ethnicity. For instance, a big deal was made regarding President Obama being the first (half-)black president. So it's only fair that we do the same for the second most powerful person in the world. Let's start around 1970 since there was a pivotal shift in the US around that time (starting in 1967 - read The Culture of Critique for more information). 1970-1978 - Arthur F Burns - Jewish 1978-1979 - George William Miller - WASP (note: that's when Carter was president; this tenure lasted only one year) 1979-1987 - Paul Volcker - Jewish 1987-2006 - Alan Greenspan - Jewish 2006-2014 - Ben Bernanke - Jewish 2014-20?? - Janet Yellen - Jewish Considering Jewish people are around 2% of the US population this is a staggering coincidence, is it not? Can someone calculate the odds of this happening? I'm not that good with probability.