 | And surprise! it's one of his close advisers. I'm not an economics expert...anyone here in the 'Burg have some analysis? |
President Bush on Monday selected Ben Bernanke, chairman of the president's Council of Economic Advisers, to replace Alan Greenspan as Fed chairman, according to an administration official. The official spoke on condition of anonymity because the nomination had not yet been announced. An announcement was expected at 1 p.m. EDT. Greenspan, who took over in August, 1987, wraps up his term as chairman Jan. 31. |