video transcript

Ben Bernanke is not reappointed the new Fed Chairman when you may have superpowers to contend that the economy's crafty villains. What do -- know one person that's all the powers between meetings the only answer build perfect central banker. Let's look at the five powers yeah. First crisis super shields the new chairman when the galaxy level crisis management skills to fend off financial shocks and other emergencies. Our super power paragon here is Tim Geithner. He dealt directly with the immediate financial crisis as the New York fed president. And again with the aftermath thing clean up as Obama's Treasury Secretary next and deflation deflect pursuit. The new chairman leave this to ward off -- -- cycle of falling prices that it short circuit the US recovery. Are paired on fed vice chair Janet Yellen. She has the upper hand as the deflation fighter on the list though there are worries that this -- could backfire and allow inflation to get a foothold in the economy. Then the new chairman will need economic laser vision able to penetrate needed to read patterns that dictate the right -- policies. Super power paragon. Now all of the top candidates that Geithner trained economists the Lawrence Summers is particularly respected for his economic acumen in intellect. And of course our super -- chairman will need a balance sheet blaster. The issue -- decider for the eventual shrinking of the massive balance sheet that could approach four trillion dollars. Super power paragon. Former fed vice -- Roger Ferguson withdrawn solid Fed's leadership. As well as experienced presiding over corporate balance sheet as CEO of TIAA. Correct. In the last power Wall Street whisper. The new fed chair -- -- the crucial ability to -- monetary policy levers and use bad language with no subtlety and nuance to avoid spooking financial markets. Our super power paragon former vice chair Donald Kohn. With forty years that the Fed under his belt including the recent crisis phone is a master of that messaging in the Wall Street expectations game. Both these parents together and it's true economic super hero will be ready to take on any challenge some difficult times to come.