During a Whitehouse Press Conference President Bush confirmed that the process of finding Allan Greenspan's replacement is now "on going".
Greenspan is set to retire in January 2006. There is much speculation on who President Bush will choose as his sucessor. Speaking of the possible
nominees, Bush said "The nominees will be people that, one, obviously can do the job, and, secondly, will be independent,". But according to George
Valliere, chief political strategist at Stanford Washington Research Group, Bush "picks people he is comfortable with,".
WASHINGTON (MarketWatch) -- It's official. The White House has begun the process of finding a replacement for Alan Greenspan as chairman of the
Asked at Rose Garden press conference Tuesday if the White House would turn its attention to Greenspan's successor now that the two nominees for the
Supreme Court have been named, President Bush replied that the search for a new top U.S. central banker "is ongoing."
The next Fed chief must be independent from politics, Bush said.
"There are a group of people inside the White House who will bring forth nominees," Bush said, adding that he hasn't seen any names yet.
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The names of other possible candidates, aside from Tom DeLay
are as follows:
White House economic advisor, Ben Bernanke
Who has served at the Fed since 2002
Harvard professor, Martin Feldstein
Who headed the team of White House economic advisors in President Reagan's first term.
Columbia University business school dean, Glenn Hubbard
Who advised Bush in his first term.
Fed Governor, Roger Ferguson
Fed Governor, Donald Kohn
Economic Advisor, Lawrence Lindsey
Who once served as economic adviser to the Bush Whitehouse
Its pretty apparent judging by Miers that Bush doesnt really mean it when he says the nominee "obviously can do the job." He also does go after
people he knows and trusts, can he place himself as the head of the Fed Res Board?
Im sure thats a question he's asked his dad already.
[edit on 4/10/05 by subz]