The Fed's Big To-Do List

The next head of the central bank will face a number of challenges.

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Jeffrey R. Shafer is the author of "Five Years Later: Lessons from the Financial Crisis," a report by the McGraw Hill Financial Global Institute ( He currently is a consultant for Standard & Poor's Ratings Services, part of McGraw Hill Financial. He worked at Citigroup and previously served as Assistant Secretary and Under Secretary of the U.S. Treasury for International Affairs.

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