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Bush Nominates Ben Bernanke to Replace Greenspan as Fed Chair

October 24, 2005

President Bush has nominated economist Ben Bernanke to replace Alan Greenspan as chairman of the Federal Reserve Board. Greenspan is due to retire Jan. 31, 2006. Bernanke is chairman of the President's Council of Economic Advisers and has served on the Fed's board of governors in the past. His nomination will have to be confirmed by the Senate.

Sources:

Associated Press

FOXNews

CNNMoney

AB -- 10/24/05




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