Bush Taps White House CEA Chief Ben Bernanke To Succeed Greenspan
Yikes, did Bush just make a reasonable choice for a change?
Bush just nominated White House Council of Economic Advisors chief Ben Bernanke to be Alan Greenspan’s successor at the Fed, bypassing Glenn Hubbard and Martin Feldstein. Bernanke has served a stint at the Fed already, and people such as Brad DeLong like the pick. It is being viewed as a safe pick from a weakened president, and he was opposed by the National Review Online back in August, yet Larry Kudlow thinks he is acceptable.
It will also drive the wingers nuts to find out that Bernanke recruited Paul Krugman to leave MIT for Princeton.