Wednesday, October 05, 2005

Fed Forecasting

Come Alan Greenspan's retirement at the end of January, President Bush must pick a new financial guru to serve as Chairman of the Federal Reserve. The NY Times narrows the list of likely candidates to three: Martin Feldstein of Harvard, Glenn Hubbard of Columbia (formerly of Bush's Council of Economic Advisors), and Ben Bernanke (formerly of Princeton, now chairing the Council of Economic Advisors).

Mr. Hubbard is passionately devoted to most of Mr. Bush's economic goals and was a crucial architect of his tax cuts in 2001 and 2003. But Mr. Hubbard's strengths are not in monetary policy, and some say his relations with Mr. Bush are not extremely close.

1 comment:

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