Monday, October 24, 2005
Paul Krugman's former boss nominated to lead Fed
George Bush will announce the nomination of Ben Bernanke to succeed Alan Greenspan as Chairman of the Federal Reserve Bank of the United States. Bernanke is currently chairman of the president's Council of Economic Advisors. He moved to the White House last spring from Princeton University, where he served as chairman of the Department of Economics and, therefore, Paul Krugman's boss. Reason enough to get away from the Princeton economics department, I should think.
Krugman, to his credit as a prognosticator, predicted this nomination back in February. Given his universally dim view of Bush's political appointees, one can only imagine how difficult it will be for him to write his next column. Will Krugman dump all over Bernanke, or will professorial comity trump his inner snark?
Krugman, to his credit as a prognosticator, predicted this nomination back in February. Given his universally dim view of Bush's political appointees, one can only imagine how difficult it will be for him to write his next column. Will Krugman dump all over Bernanke, or will professorial comity trump his inner snark?
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