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And don't miss Stephen Gandel on the very wealthy new Fed Chair: "The fact that arguably one of the most important people in the economy is also among the top 0.1 percent -- nearly 800 times richer, even after adjusting for inflation, than Paul Volcker was when he headed the Fed -- could shade Fed policy. Perspective matters. For example, when the Fed under Ben Bernanke lowered interest rates to near zero and kept them there, critics contended he was hurting savers. But the only savers hurt were really wealthy ones. Bernanke, thankfully, shrugged off the criticism. Would someone worth 40 times as much with more of a Wall Street sensibility do the same?"
This column does not necessarily reflect the opinion of Bloomberg LP and its owners.
Max Nisen is a Bloomberg Gadfly columnist covering biotech, pharma and health care. He previously wrote about management and corporate strategy for Quartz and Business Insider.
To contact the editor responsible for this story: Mark Gongloff at mgongloff1@bloomberg.net.
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