Former Federal Reserve Governor Laurence Meyer Says Obama 'Essentially Fired' Bernanke

Obama's remarks about the Fed chairman on Charlie Rose weren't exactly a ringing endorsement


President Barack Obama "essentially fired" Fed Chairman Ben Bernanke in televised remarks this week, former Federal Reserve Governor Laurence Meyer said Tuesday.

"I almost fell off my chair when I heard the president's remarks last night," he said on CNBC's "Fast Money."

"He essentially fired Ben Bernanke on the spot and gave him a fairly tepid testimonial afterward. It's time to really now focus on who the next chairman might be."