Federal Reserve Appointee
Jetpak is Public
Created By: boatsie
Last Modified: 10/24/05
Summary: A closer read on Bush's shoo-in nominee to replace Federal Reserve Chair Greenspan.

Another Outstanding Bush

Another Outstanding Bush Appointment?Affectionately referred to as 'helicopter drop" Beranke, President Bush's shoo-in for Fed Reserve Chair Ben Bernanke staunchly supports tax cuts and advocates a 'helicopter drop' of newly printed bucks to combat deflation. ...In a 2002 speach “Deflation: Making Sure 'It' Doesn't Happen Here," Bernanke brilliantly noted: "The U.S. Government has a technology called a printing press." Daaa.

Expectations Bernanke might

Expectations Bernanke might be less aggressive in raising interest rates to curb inflation decreased demand for the U.S. currency, said Richard Franulovich, a New York-based currency strategist at Westpac Banking Corp. The dollar has gained 13 percent versus the euro this year as the Fed raised its benchmark rate six times.

NEW YORK (CNN/Money)

NEW YORK (CNN/Money) - Stocks surged Monday afternoon as investors welcomed news that White House adviser Ben Bernanke has been tapped to succeed Alan Greenspan as chairman of the Federal Reserve.

For his views

For his views on taxes and growth-limits alone, Bernanke would be a big step in the wrong direction. For his views on money, Bernanke has the potential to be very dangerous. ... National Review Commentary on dangers of appointing Bernanke

President George W.

President George W. Bush announced his nomination of Ben S. Bernanke to be the next chairman of the Federal Reserve. The announcement was made from the Oval Office




ADVERTISING