October 31, 2005
Federal Reserve Nomination
:President Bush nominated Ben S. Bernanke, 51, to replace Federal Reserve Chairman Alan Greenspan, when his term expires in January. Bernanke, a former Economics Professor, was named to the Federal Reserve board in 2002 by President Bush and recently was named chairman of the president’s Council of Economic Advisers. Bernanke’s political views are not widely known (other than he is a registered Republican) but he is known as an economist that favors inflation targets.
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