The Federal Reserve won’t exist in 25 years and the reappointment of Ben Bernanke as head of the central bank was a “management failure,” said Nassim Taleb, author of ‘The Black Swan.’
Allowing Bernanke to stay at the helm of the Fed is equivalent to “letting an unqualified pilot fly a plane,” Taleb, a principal at Universa Investments LP, told a conference in Moscow, Russia today.
To contact the reporter on this story: Scott Rose in Moscow at firstname.lastname@example.org
To contact the editor responsible for this story: Emma O’Brien at email@example.com
© Copyright 2014 Bloomberg News. All rights reserved.