No decision has been made on the fate of Alan Greenspan, but administration officials say efforts to depose him will probably fail. He is well regarded in financial markets and the Fed chief is considered a Wall Street call. The White House said it was not aware that Mr. Bernanke had discussed his plans with President Bush. Bush considers Greenspan a friend and adviser. A choice that is poorly regarded by the financial community, they feared, would cause market turmoil and possibly higher long-term interest rates, as traders drove up rates out of fear that the new chairman might fuel inflation. Greenspan has not made an impression on the general public and a majority (59%) has no opinion on his reappointment. He has drawn high praise from academics, although his own academic work is obscure. His 1977 dissertation cannot be found.
No decision has been made on the fate of Alan Greenspan, but administration officials say efforts to depose him will probably fail. He is well regarded in financial markets and the Fed chief is considered a Wall Street call. The White House said it was not aware that Mr. Bernanke had discussed his plans with President Bush. Bush considers Greenspan a friend and adviser. Greenspan has not made an impression on the general public and a majority (59%) has no opinion on his reappointment. He has drawn high praise from academics, although his own academic work is obscure. His 1977 dissertation cannot be found.