October 24, 2005

Ben Bernanke Will Be New Fed Chief

It looks like CEA chair and former Fed governor Ben Bernanke will be announced as Greenspan's replacement at 1pm.

Larry Kudlow's reaction is "good choice" though I get the impression that he's not doing cartwheels. Check his site for updates.

For what it's worth, the market shot up as soon as this information came out.

UPDATE: 2:30pm
Kudlow's "bullet points" and Greenspan gives a "thumbs up".

Posted by: Gary at 12:54 PM | Comments (1) | Add Comment
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1 There's also this, which doesn't bode well: http://www.nationalreview.com/nrof_comment/tamny200508110924.asp

Posted by: rightwingprof at October 24, 2005 04:34 PM (/IE5Q)

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