Being a Regional Federal Reserve bank President means he wasn’t involved in monetary policy or currency valuation or any of that Jekyll Island stuff, but he does have a better knowledge of how the entire system operates and can deal with it more effectively than those who screech about it the loudest but don’t even know the difference in the Regional Banks and the Board of Governors (or don’t even know the difference between the Fed, Treasury and Mint as some of the vocal ones seem to portray).
Yes, but my point is that whether he was or wasn’t involved in monetary policy has little to do with anything, except that I would rather have a guy who has a clue what the Fed does. I think Romney probably has a loose understanding, and the other candidates probably have a vaguer understanding, but Obama has none.