# Prof. Richard Sylla on the challenges the new Federal Reserve Bank president faces

1 Faculty News August 19, 2013 ![Fox Business logo](/sites/default/files/styles/246w/public/assets/images/con_031722.jpg?itok=a0Gxu60a)>

Excerpt from [Fox Business](http://www.foxbusiness.com/investing/2013/08/16/new-fed-chief-curse-summers-yellen-should-brace-for-early-term-crises/) -- “'The Fed has shown itself to be the central banker of the world. The waters are not exactly calm right now so it’s more than likely that there will be some tests for the new Fed chief,' said [Richard Sylla](http://www.stern.nyu.edu/faculty/bio/richard-sylla), an economist and financial historian at NYU."

[Read more](http://www.foxbusiness.com/investing/2013/08/16/new-fed-chief-curse-summers-yellen-should-brace-for-early-term-crises/)