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Bush Preparing for Greenspan Successor

Tuesday, October 04, 2005 1:34:46 PM
By JEANNINE AVERSA

President Bush smiles as he speaks during a news conference,Tuesday,Oct. 4, 2005, in the Rose Garden at the White House. In the face of criticism from the left and right,  Bush insisted Tuesday that Supreme court nominee Harriet Miers is the best-qualified candidate for the Supreme Court. Miers was nominated Monday to replace retiring Justice Sandra Day O'Connor. (AP Photo/Ron Edmonds) WASHINGTON (AP) - Now that he's tackled the Supreme Court openings, President Bush is preparing for another high-profile nomination: a successor to Alan Greenspan, whose 18-year run at the Federal Reserve comes to an end in just over three months.

Often referred to as the second-most powerful person in the United States, Greenspan's last day is expected to be Jan. 31.

Speaking at a wide-ranging news conference on Tuesday, Bush touched briefly on the White House's efforts to select a new Fed chairman. He called the process to find Greenspan's replacement "ongoing."


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