Bernanke Nominated to Succeed Greenspan

President Bush has nominated Ben Bernanke, Chair of the Council of Economic Advisors, to succeed Alan Greenspan as Chairman of the Board of Governors of the Federal Reserve.

Ben Bernanke has twice spoken at NABE Meetings. The first time was at the 2003 Washington Policy Conference, where he spoke on inflation targeting, while still a member of the Board of Governors. A preview of this speech was given in the March, 2003 edition of NABE News. This talk was later adapted as an article in the July 2003 issue of Business Economics, "A Perspective on Inflation Targeting: Why it Seems to Work."

bernanke at Policy Conference

He also spoke to NABE at this past Annual Meeting, in his role as Chairman of the CEA. His speech was entitled "The Outlook for the Economy and for Policy."

Also speaking at the 2005 Annual Meeting was Alan Greenspan,who in addition to speaking many times has had a long association with NABE. He was President of NABE in 1969-1970, is a NABE Fellow, and was awarded NABE's Herbert Stein Public Service Award in 2005.

Greenspan's most memorable speech to NABE may have been the one he gave at the 2001 Washington Policy Conference on "The Challenge of Measuring and Modeling a Dynamic Economy." He was also the speaker at the 1998 Annual Meeting in Washington, DC, during a breakfast honoring past presidents of NABE. The speech is reprinted here.

Greenspan 2005