Market welcomes Bernanke's nomination as Fed chairman



Credit analysts have broadly welcomed the nomination of Ben Bernanke as chairman of the Federal Reserve, to succeed Alan Greenspan when he steps down on January 31, 2006. Bernanke's academic qualifications for the job are outstanding, they say. Before becoming chairman of the US government's Council of Economic Advisers in June, he had been a member of the Federal Reserve board of governors since 2002. Before that Bernanke had been chair of the economics department at Princeton University from

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