elsid13
09-09-2005, 08:24 PM
The end of an era will occur in January. Since the FED has some much more power then the Federal Government when comes to the economy it will be important the right person be named as chairman/women. Ruben (sp) might be interesting choice if Bush does not try to play politics with this....
The story
WASHINGTON (Reuters) - The Federal Reserve dropped a clear hint on Friday that Chairman Alan Greenspan will retire on January 31, ending talk he may stay on longer and reinforcing market concern that time is running out to name a successor.
The Fed said its first meeting of 2006 will take one day rather than two to avoid spanning the terms of two chairman. The Federal Open Market Committee will now meet on January 31, instead of gathering for two days, on January 31 and February 1, as it generally does in its first meeting of the year.
http://news.yahoo.com/news?tmpl=story&cid=568&ncid=568&e=10&u=/nm/20050909/bs_nm/economy_fed_greenspan_dc_3
The story
WASHINGTON (Reuters) - The Federal Reserve dropped a clear hint on Friday that Chairman Alan Greenspan will retire on January 31, ending talk he may stay on longer and reinforcing market concern that time is running out to name a successor.
The Fed said its first meeting of 2006 will take one day rather than two to avoid spanning the terms of two chairman. The Federal Open Market Committee will now meet on January 31, instead of gathering for two days, on January 31 and February 1, as it generally does in its first meeting of the year.
http://news.yahoo.com/news?tmpl=story&cid=568&ncid=568&e=10&u=/nm/20050909/bs_nm/economy_fed_greenspan_dc_3