Fed nominee likely to steer bank away from political debate

[Inland]

Among the intro stuff...


http://www.nytimes.com/2005/10/25/business/25profile.html?pagewanted=1


But while Washington policy making may be Mr. Bernanke's newly chosen field, no one seems to have a clear idea what his political views are, other than the fact that he is a registered Republican. Mr. Greenspan took strong political positions, using his pulpit at the Fed to promote Social Security private accounts and to sell the president's tax cuts. Mr. Bernanke, in contrast, has been muted on such political hot potatoes even as the president's chief economic adviser.

Now, as he moves to the Fed, he is likely to steer the central bank away from the broader political debate. "One can expect Bernanke to adhere strictly to a more silent stance regarding issues outside of monetary policy," said Kevin A. Hassett, director of Economic Policy Studies at the American Enterprise Institute.

[orwell]

1. Translation...

...keep inflating.

[Inland]

2. Hope not.

I wouldn't want the fed chief to accomodate the Bush fiscal policy.