Monday, October 24, 2005

Bernanke New Fed Point Man

Ben Bernanke, named chair of the Council of Economic Advisers in June, has been appointed as the new head of the Federal Reserve System to succeed retiring head Alan Greenspan. Bush praised Bernanke's intellectual accomplishments and integrity and lauded outgoing Greenspan as an architect of recent economic growth. Bernanke said that he planned to follow similar policies to Greenspan. It initially appears the Wall Street approves, the Dow Jones Industrial Average is up 170 points today. (


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