Dove flies in to get comfy in hawks nest
The Philly Fed has announced the replacement for outgoing president Charles Plosser
Patrick T Harker, former Dean at the Wharton School of Pennsylvania will take over the reins 1st July.
He's been touted as a dove by Kenneth Lewis who is professor of economics at the University of Delaware
"He is a person that will speak out and stand up. I would say that he will be a dove, he will be a supporter of Yellen's. I think this is probably a win for Yellen because Plosser was such a hawk." said Lewis
He won't be up on the FOMC properly until 2017 but is on the subs bench next year
New kid on the block
