No need to name Greenspan successor soon, Rove says

[UpInArms]

http://cbs.marketwatch.com/news/story.asp?guid=%7BC2F7CE3B%2D2F24%2D49B7%2DB9DC%2D41E8078365C4%7D&siteid=mktw

WASHINGTON (MarketWatch) - There is no need to quickly name a successor for Fed chief Alan Greenspan, White House political advisor Karl Rove said Tuesday in an interview with Bloomberg News.

Appointing a successor may add "controversy and discussion" that could distract the Fed from its work, Rove said.

"You want the Federal Reserve chairman to be as strong as possible right up to the end, and there's no need to add sort of controversy and discussion while he's still exercising the full powers of the department," Rove said.

Greenspan must step down on Jan. 31 2006. Fed governor Ben Bernanke, who is leaving the central bank to become head of Bush's Council of Economic Advisors, and noted Harvard economics professor Martin Feldstein are considered the two leading candidates to replace Greenspan.

...a bit more...

[gWbush is Mabus]

1. controversy - uh oh!!!!

[flordehinojos]

2. sounds like rove is preparing for a quick coup d'etat on the appointment

of Greenspan's successor.

[Tempest]

3. Let's see...

Bolton to the U.N., Wolfowitz to the World Bank.

Is there any doubt Bush will nominate a toxic choice to replace Greenspan?