As Janet Yellen leaves on her final day as Chair of the Federal Reserve System we take a look back at the last complicated transition from one Chair to the next - that of Marriner Eccles 70 years ago to the day. As always, I can be reached for comments, feedback, or questions on twitter or via my website www.thebanksterpodcast.com.
IntroductionI am Alexander Bagehot and you’re listening to The Bankster Podcast, the only podcast dedicated to the fascinating and ever more consequential world of central banking.
On February 3rd Janet Yellen will walk out of the Federal Reserve for the last time as Chairwoman of the most important financial institution in the world. Her’s was a career of firsts. But in an uncomfortable ending to a term as Chair she is not alone. In fact, exactly 70 years to the day, February 3rd, 1948 Marriner Eccles ended his term as Chair of the Federal Reserve.
As I was rereading about Eccles’ experience, I couldn’t help but see striking parallels to the end of Janet Yellen’s incredible term as Chair. So for today’s episode I’m going to share a dramatic reading of a few pages from the biography of Marriner Eccles, written by Sidney Hyman.
ConclusionAs always, I can be reached for comments, feedback, or questions on twitter or via my website www.thebanksterpodcast.com.
Today’s episode was written, edited, and produced by me, Alexander Bagehot. Thanks to all of you for listening, and I’ll see you next time on The Bankster Podcast!
Eccles #2 - The Patriarch
The Fed's Disclaimer
Eccles #1 - Sego Milk
Our Recession #1 - Jackie
Season 2 Introduction
Prologue to a New Beginning
Episode 27 - The Twelve Cities, Part II
Episode 26 - The Twelve Cities, Part I
Episode 25 - The Old Lady on Threadneedle Street
Episode 24 - The Rules, Part II
Episode 23 - The Rules, Part I
Episode 22 - [Laughter] and the Centralverse Sourced
Episode 21 - Colorful Books, Part III
Episode 20 - Colorful Books, Part II
Episode 19 - Colorful Books, Part I
Episode 18 - The Directors
Episode 17 - Trump and the Fed
Episode 16 - The Punch Bowl
Episode 15 - De Mexico
Episode 14 - Birds and Bank Robbers
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Aligned Money Show
Gorse Culture PODcast : The H.R. Detective Agency!
HCI Leadership Revolution
The Ramsey Show
Planet Money