Friday, April 01, 2005

Ben Bernanke To Be CEA Chairman

From today's White House personnel announcement:
The President intends to nominate Ben S. Bernanke, of New Jersey, to be a Member of the Council of Economic Advisers. Upon confirmation, the President will also designate him Chairman. Dr. Bernanke currently serves on the Federal Reserve System's Board of Governors. In addition, he also serves as Professor of Economics and Public Affairs at Princeton University, a position he has held for twenty years. Dr. Bernanke previously taught at Stanford University, New York University, and Massachusetts Institute of Technology. He earned his bachelor's degree from Harvard University and his Ph.D. from Massachusetts Institute of Technology.
Bernanke is an excellent choice and I wish him the best.

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3 comments:

PGL said...

He will be if he can avoid what palgued Glenn Hubbard and Greg Mankiw. I said Glenn was a great choice but then Karl Rove become his ghoast writing. I said Greg would never let than happen to him, but I was wrong. Good luck Ben - and stay away from Karl's Kool Aid!

CalculatedRisk said...

Bernanke was rumored to be the leading candidate to replace Greenspan. I wonder if this appointment means he will not be the next Fed Chairman?

stan said...

A real shame. The Federal Reserve is a serious place doing serious work. Bernanke was a beacon in the changing operations of the Federal Reserve Bank. His impact on the market was just shy of that of Mr. Gspan himself.
The Council of Economic Advisors under any President is a PR site.
Every investor will miss the clear tones of Ben Bernanke.