Monday, October 24, 2005

Greenspan Replacement Expected

President Bush is expected to announce the next chair of the Federal Reserve at 1:00 PM. Whoever he picks is sure to inflict an incredibly boring confirmation process, although I would expect much ado will be made about the putative housing bubble. The Economist expects Don Kohn, a man I don't know much about but seems to be the sort of monetary policy wonk on would expect to head the Fed. Either way, Greenspan is a monolith who will not easily be replaced.

According to Drudge, the WSJ reports that President Bush will name Ben Bernake, chair of the Council of Economic Advisers. Look for Dems to cry croneyism.

Update II:
Toldya so.