The Corner

Filling Out The Fed

With Ben Bernanke nominated for chairman of the Federal Reserve, there are still two open seats on the Fed Board. My sources tell me there are three names in the lead for these spots. First is Richard Clarida, the former Treasury Assistant Secretary for Economic Policy who now teaches at Columbia University and consults with the Clinton Group, a New York hedge fund. Second is Randy Kroszner, a former CEA member, who is now teaching at the University of Chicago. Third is Kevin Warsh, who is presently a senior assistant to Bush economic czar Al Hubbard. With the Bernanke confirmation process now moving forward, look for nominations for the open board seats to happen fairly quickly. Also, Roger Ferguson may depart from the Fed after losing out to Bernanke for the chairmanship. That would, of course, open up a third nomination to the Board of Governors of the central bank.

Larry Kudlow is the author of JFK and the Reagan Revolution: A Secret History of American Prosperity, written with Brian Domitrovic.

Most Popular


The Democrats’ Disastrous CNN LGBT Town Hall

A few days after Donald Trump committed the worst foreign-policy blunder of his presidency by betraying America’s Kurdish allies in northern Syria, former vice president Joe Biden, the elder statesman and co-frontrunner in the Democratic presidential primary, was on a national stage talking to CNN’s primetime ... Read More
Politics & Policy

Fox News Anchor Shepard Smith Resigns

Fox News Channel's chief anchor, Shepard Smith, announced on air Friday that he would be resigning from his post after 23 years with the network. “This is my last newscast here,” said Smith. “Recently, I asked the company to allow me to leave Fox News. After requesting that I stay, they obliged.” He ... Read More
NR Webathon

Don’t Let Michael Mann Succeed

I  enjoyed the running joke of Jarndyce v. Jarndyce in the great Dickens novel Bleak House, back when I first read it. Little did I know that one day I and the magazine that I love would effectively be caught up in a version of that interminable case, courtesy of a litigious climate scientist with zero regard ... Read More

Beto Proposes to Oppress Church with State

Beto O’Rourke’s presidential campaign is within the margin of error of non-existence, but in his failure he has found a purpose: expressing the Democratic id. His latest bid for left-wing love came at a CNN forum on gay rights, where he said that churches that oppose same-sex marriage should have to pay ... Read More