Monday, October 24, 2005
|Probably an acceptable choice. The interesting bit, in my mind, is this:|
NYTimes, Earlier this month, Mr. Bush said he would like to nominate someone independent from politics but he has also made clear that he would like to have a personal rapport with the candidate. Given the Fed's critical role in guiding the economy, the candidate would also have to reassure Wall Street. . . . He is widely respected by liberals and conservatives. Brad DeLong, an economist at the University of California who is a frequent critic of the Bush administration, called Mr. Bernanke "a very good choice" on his Web site today.
Why is this interesting? We are hearing how "independent" this nominee is. Is this the Bush Admin putting distance from the candidate to make him more acceptable to his own party as well as the Democrats? Hmmm....