arguing that it has effective measures in place to combat money laundering. Congress and the next Federal Reserve chair It was always going to be peculiarly challenging to get a majority of US Senators to confirm Larry Summers as the next head of the US Federal Reserve. True, and it is still spreading.Except that, among others, China has an ageing population. so it would pay out if the parent died before the age of 80, according to Pusan University's Robert Kelly. China is its only economic partner and it is very dependent on the mainland.