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Politics : Politics for Pros- moderated

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From: LindyBill	12/16/2004 9:34:37 AM
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They are REALLY undermining Snow. Marginal Revolution - Economic gossip from The Financial Times By Tyler Cowen on Current Affairs Senior Republicans sounded out Alan Greenspan, chairman of the Federal Reserve, about taking over from John Snow as US Treasury secretary, the Financial Times has learnt. The informal approach, which would have put the most respected economic leader in the US in charge of President George W. Bush's ambitious second-term domestic agenda, was declined. The approach to Mr Greenspan made at arm's length from the White House reflected concern that Mr Snow was not the most effective champion of Mr Bush's agenda. In a separate effort to strengthen its economic team by bringing in a Fed policymaker, Ben Bernanke, an influential Fed governor, is the leading candidate to replace Greg Mankiw as chairman of the White House Economic Advisers.

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