« Why Oh Why Can't We Have a Better Press Corps? (The New York Times Editorial Board Is a Clown Show Department) | Main | No One Expects the Holy Inquisition! »

April 19, 2005

Yes, Rich Clarida Would Make a Very Good Fed Governor

And he seems to be gaining ground...

FT.com / World / US - Clarida is leading candidate for Fed governor: By Andrew Balls in Washington Published: April 19 2005 22:32: Richard Clarida, a Columbia university professor and former official in the George W. Bush administration, is the leading candidate to replace Ben Bernanke as a Federal Reserve governor. Mr Clarida spent a year at the US Treasury during President Bush's first term, serving as an assistant secretary and as chief economist. He is seen as an orthodox economist with experience in international policymaking. "It is far from a done deal, Ben [Bernanke] has not even resigned from the Federal Reserve yet," a person familiar with the process said. "But Rich would be a good fit and he would love the job." The White House has nominated Mr Bernanke to take over as chairman of the president's Council of Economic Advisers. While he awaits Senate confirmation, Mr Bernanke has divested himself of his monetary policy responsibilities at the Fed.... Mr Clarida is not the only economist the White House is considering, but the list of potential candidates is small, the person familiar with the White House's thinking said...

Posted by DeLong at April 19, 2005 09:24 PM