Da Financial Times del 25/10/2005
Originale su http://news.ft.com/cms/s/1a9af9d8-449e-11da-a5f0-00000e2511c8.html
Economic adviser in line to replace Greenspan
di Edward Alden, Andrew Balls
Washington - George W. Bush on Monday nominated Ben Bernanke, a leading monetary policy expert and Wall Street's favoured candidate, to replace Alan Greenspan as chairman of the Federal Reserve.
The choice of Mr Bernanke, chairman of the White House council of economic advisers, to lead the most important central bank is likely to reassure international investors and be greeted warmly inside the Fed.
While he has differed slightly from Mr Greenspan in favouring more formal inflation targeting, Mr Bernanke promises continuity after the departure at the end of January of a chairman credited with leading the US to nearly two decades of robust, non-inflationary growth.
Flanked by Mr Bernanke and Mr Greenspan at the Oval Office, Mr Bush said: “To lead this institution we need a person of impeccable credentials, sound policy judgment and character.”
Mr Bernanke was on the Fed's board of governors from August 2002 to June this year, until his move to the White House, and proved influential in bringing greater transparency to the central bank's operations.
However, Mr Bernanke, if confirmed, will take charge at the Fed at a time when policymakers are preoccupied with rising inflation. The bank is widely expected to raise rates another quarter point to 4 per cent next week, the 12th consecutive increase, and to signal more to come.
Mr Bernanke's tenure at the Fed has been marked by speeches that demonstrated a deft political touch, allowing him to play the role of free-thinker without raising the ire of Mr Greenspan.
Mr Greenspan - praised as “a legend” by Mr Bush - will be remembered for cementing the anti-inflation credibility of the Fed established by Paul Volcker, his predecessor, and proving highly flexible in dealing with financial shocks ranging from the 1987 stock market crash to the September 11 attacks in 2001.
Mervyn King, Bank of England governor, said: “The nomination of Ben Bernanke will be warmly welcomed around the world. Ben has the intellectual and personal qualities to lead the Federal Reserve in the years ahead.”
The choice of Mr Bernanke, chairman of the White House council of economic advisers, to lead the most important central bank is likely to reassure international investors and be greeted warmly inside the Fed.
While he has differed slightly from Mr Greenspan in favouring more formal inflation targeting, Mr Bernanke promises continuity after the departure at the end of January of a chairman credited with leading the US to nearly two decades of robust, non-inflationary growth.
Flanked by Mr Bernanke and Mr Greenspan at the Oval Office, Mr Bush said: “To lead this institution we need a person of impeccable credentials, sound policy judgment and character.”
Mr Bernanke was on the Fed's board of governors from August 2002 to June this year, until his move to the White House, and proved influential in bringing greater transparency to the central bank's operations.
However, Mr Bernanke, if confirmed, will take charge at the Fed at a time when policymakers are preoccupied with rising inflation. The bank is widely expected to raise rates another quarter point to 4 per cent next week, the 12th consecutive increase, and to signal more to come.
Mr Bernanke's tenure at the Fed has been marked by speeches that demonstrated a deft political touch, allowing him to play the role of free-thinker without raising the ire of Mr Greenspan.
Mr Greenspan - praised as “a legend” by Mr Bush - will be remembered for cementing the anti-inflation credibility of the Fed established by Paul Volcker, his predecessor, and proving highly flexible in dealing with financial shocks ranging from the 1987 stock market crash to the September 11 attacks in 2001.
Mervyn King, Bank of England governor, said: “The nomination of Ben Bernanke will be warmly welcomed around the world. Ben has the intellectual and personal qualities to lead the Federal Reserve in the years ahead.”
Sullo stesso argomento
Articoli in archivio
Viaggi dell'altro mondo
Usa: regolamento per il turismo spaziale
Il governo Usa ha proposto di regolamentare i futuri viaggi nello spazio. Dagli standard di salute dei passeggeri al marketing
Usa: regolamento per il turismo spaziale
Il governo Usa ha proposto di regolamentare i futuri viaggi nello spazio. Dagli standard di salute dei passeggeri al marketing
di Raffaele Mastrolonardo su Corriere della Sera del 30/12/2005
di Giuseppe Turani su La Repubblica del 23/11/2005
di Mario Margiocco su Il Sole 24 Ore del 28/10/2005