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President Bush to Name New Fed Reserve Chairman

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posted on Oct, 24 2005 @ 10:46 AM
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President Bush is set to announce a new Chairman of the Federal Reserve today at 1pm eastern time. It has been speculated that Ben Bernanke, the current chairman of his Council of Economic Advisers will be named to this top spot
 



online.wsj.com
BUSH PLANS to name Ben Bernanke, the current chairman of his Council of Economic Advisers, to succeed Alan Greenspan as chairman of the Federal Reserve.




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President Bush chooses an interesting time to replace Greenspan. While it was speculated that Greenspan would retire come January...this begins to look like we're going to try a new "horse" to get us out of the current economic "challenges".

Thoughts?


Related News Links:
online.wsj.com

[edit on 26-10-2005 by asala]




posted on Oct, 24 2005 @ 10:47 AM
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Also cited on AP as well:

ap.tbo.com...



posted on Oct, 24 2005 @ 11:50 AM
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Mr Greenspan is one of the steadfast symbols of our countries strength...
with him behind the wheel, no pothole was too big...

With him retired... we are in trouble. Mr greenspans shoes are too big to fill I fear...

he wasn't a man, but a demigod... He used a mysterious magic called math and statistics, to perform intricate spells that protected our nation from financial destruction...

even with him driving, we still hit some storms...

I do hope that the new guy can handle it. At this point, it looks scary... the replacement already has stated that he and Alan didn't agree regarding setting goals for inflation.



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