If Greenspan stays, the recent MBA grads will have one less resume to compete with. Actually, I hope he stays providing he does not provide more testimony supporting further tax cuts even as he decries large deficits. But then the Federal Reserve is not responsible for fiscal policy. Of course, I'm not sure anyone is claiming any responsibility for that.
Bad decision by the administration. Keeping Greenspan on will only strengthen the view that he is somehow singular or irreplacable. That is not an idea you want to build up for a 79 year old due to retire.
How weird... I would have thought they would want to replace the chairman sooner rather than later so the market would have time to get used to the new fed regime before the 2006 elections. Maybe they are planning to keep Greenspan in office til after November 2006.
Aw, c'mon, Elaine, he's probably not really a vampire...
They still haven't found a treasury secretary, either. So confident and self-assured in their foreign policy, but like a deer in the headlights when it comes to personnel.
I think that the real reason that Greenspan will stay on a bit longer is because he is just a few months short of being the longest serving Chairman in the history of the Fed and the Administration wants him to depart with that honorific.
If Greenspan stays, the recent MBA grads will have one less resume to compete with. Actually, I hope he stays providing he does not provide more testimony supporting further tax cuts even as he decries large deficits. But then the Federal Reserve is not responsible for fiscal policy. Of course, I'm not sure anyone is claiming any responsibility for that.
Bad decision by the administration. Keeping Greenspan on will only strengthen the view that he is somehow singular or irreplacable. That is not an idea you want to build up for a 79 year old due to retire.
How weird... I would have thought they would want to replace the chairman sooner rather than later so the market would have time to get used to the new fed regime before the 2006 elections. Maybe they are planning to keep Greenspan in office til after November 2006.
Might as well keep that old vampire propped up. He is probably senile as Reagan now.
Aw, c'mon, Elaine, he's probably not really a vampire...
They still haven't found a treasury secretary, either. So confident and self-assured in their foreign policy, but like a deer in the headlights when it comes to personnel.
Well, as they say, good help is hard to find.
It could be easier. Nobody likes working for mean, arrogant, self-important fools except...
I think that the real reason that Greenspan will stay on a bit longer is because he is just a few months short of being the longest serving Chairman in the history of the Fed and the Administration wants him to depart with that honorific.
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