New Fed Chair Nominee?
Treas. Sec. John Snow plans to announce a nominee to replace retiring Fed. Chairman Alan Greenspan at a White House press conference today at 1 p.m, an administration official tells the Hotline. [REID WILSON]
While the nominee was not identified, the official suggested the pick will not be a surprise. Buzz in recent weeks has focused on Ben Bernanke, chair of the President's Council of Economic Advisors and a former Fed board member. Another potential candidate is ex-Bush economic advisor R. Glenn Hubbard.