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  Bernanke set to chair Fed: source
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ContributorScottĀ³ 
Last EditedScottĀ³  Oct 24, 2005 11:49am
CategoryNews
News DateOct 24, 2005 11:00am
DescriptionReuters article.

An excerpt...
"President George W. Bush was expected to announce on Monday that he has picked top economic adviser Ben Bernanke to succeed Federal Reserve Chairman Alan Greenspan, a knowledgeable source said.

An announcement was to come at 1 p.m. EDT. Bush told reporters there would be "an announcement soon" on his choice to replace Greenspan, whose 18-year tenure at the Fed runs out on January 31.

Bernanke is chairman of Bush's Council of Economic Advisers. He served on the Fed's Board of Governors for nearly three years before moving to the White House in June."
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