John Pitera's Market Laboratory Message Board

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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (6072)	5/9/2002 6:59:27 AM
From: John Pitera	Read Replies (1) of 33421

President Bush has just nominated 2 very prominent economists to fill the vacant seats on the Fed Board. Donald Kohn, a senior advisor at the Fed, and Ben Bernanke, chairman of the Princeton University Economic Dept, are extremely well informed of policy mechanics and are talented economics rather than coming from a commercial banking background as the most recently inducted Fed govs Olson and Bies are. Kohn currently serves as an advisor to Greenspan after directing the Board's division of monetary affairs for 14 years. In addition to duties at Princeton, Bernanke serves as the Monetary Economics director at the NBER (National Bureau of Economic Research). *Bernanke meets regularly with the NY Fed president (the FOMC vice chair)* to advise on economic and policy issues. Great selections as neither will have any trouble clearing through Senate confirmation.

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