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Any talk of replacing her will undermine the Fed chair’s authority, writes Martin Wolf
Loretta Mester replaces Sandra Pianalto in June
With a forecast year of take-off in danger of faltering, the central bank has run out of ammunition
Taper worries have given investors bad dreams but events in China could bring nightmares
Danger is a bubble that can only be corrected by a sharper fall
Early judgments of Fed chairmen have more tendency for revisions than economic forecasts
Focus on price stability via credit supply defines operation
Ben Bernanke, outgoing chairman, deserves credit for the Fed’s handling of the crisis
A vague form of words such as this is far easier for markets to test than a figure, writes Robin Harding
Bank critic Rand Paul threatens to hold up vote
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