The expected reappointment of Alan Greenspan at Federal Reserve Board Chairman has not occurred. His current appointment ends on August 11, creating a very tight schedule. Some analysts note, too, that Joint Chiefs of Staff Chairman Gen. Colin Powell, whose term wasn't up until October, has already been reappointed.; "There are reasons to ask questions" about whether a Fed chairman should be retained, says Carol Stone, senior economist at Bush and his advisers have often criticized the Fed but no acceptable candidate has surfaced. In addition, there is an ongoing debate within the administration about whether to continue with QE2. The announcement of the appointment could be delayed until after he testifies on the central bank's economic outlook for the rest of the year at the Humphrey-Hawkins hearing. If reappointed Greenspan would have another round of confirmation hearings before the Senate Banking Committee, but these also could be delayed.
The expected reappointment of Alan Greenspan at Federal Reserve Board Chairman has not occurred. His current appointment ends on August 11, creating a very tight schedule. Bush and his advisers have often criticized the Fed but no acceptable candidate has surfaced. In addition, there is an ongoing debate within the administration about whether to continue with QE2. The announcement of the appointment could be delayed until after he testifies on the central bank's economic outlook for the rest of the year at the Humphrey-Hawkins hearing. If reappointed Greenspan would have another round of confirmation hearings before the Senate Banking Committee, but these also could be delayed.