Bloomberg: Who and when?

There are two big questions facing the Federal Reserve at the moment. The September meeting minutes published yesterday didn’t shed much light on the first: the timing of the next interest-rate rise. Some Fed officials expressed concern that low inflation was more than a temporary phenomenon, causing a slip in the dollar as investors interpreted the pronouncements as more dovish than had been expected. The second question -- who will take over as Fed Chair -- remains hotly debated, with Kevin Warsh now the favorite, according to a Bloomberg survey of economists. Nobel Prize-winning economist Paul Krugman this week strongly dismissed Warsh’s credentials.