President Hints at Greenspan Replacement by Scott Ott
In the midst of a Republican firestorm over his so-called ‘stealth’ appointment of Harriet Miers to the Supreme Court, President George Bush today would only hint at who he has in mind to replace Federal Reserve Chairman Alan Greenspan, who will retire January 31, after 18 years steering the nation’s monetary policy.
“I can’t give you a name,” Mr. Bush told the White House press corps, “but let me just say that I’ve known her personally for more than 20 years, and have first-hand knowledge of her philosophy on fiscal policy. I’ve actually watched her balance a checkbook at the kitchen table. She’ll make a swell Fed chairman.”
Mr. Bush said the as-yet-unnamed nominee “has a charming personality, a smile that lights up the room, and I can trust her like I trust my own wife.”
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