Cheney and Greenspan Friends, Cheney Key Player in Fed Chair Replacement Economist's View: Cheney and Greenspan Friends, Cheney Key Player in Fed Chair Replacement
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Cheney and Greenspan Friends, Cheney Key Player in Fed Chair Replacement
Interesting connection between Cheney and Greenspan …
Cheney, Greenspan 'Friend,' Key Player in Fed Choice, Bloomberg: Only one guest attended both Alan Greenspan's 50th birthday party and his 75th: Vice President Dick Cheney. Cheney is likely to be a central player in figuring out who will replace the Federal Reserve chairman when Greenspan's non- renewable term as a governor expires in January 2006. It will be one of the most important decisions President George W. Bush makes in office, and Cheney is alone in the administration in having long-standing personal and professional relationships with both Greenspan and the president. … Cheney, 64, and Greenspan, 79, spend time together socially and have sat down to talk privately on the eve of economy-rattling events, such as the Persian Gulf War in 1991, when Cheney was secretary of defense under former President George H.W. Bush, and the invasion of Iraq in 2003. Former Cheney advisers say the vice president usually is involved in economic discussions of large consequence, such as tax or energy policy. The two men met on 17 occasions from January 2001 through March 2004, according to a record of the Fed chairman's appointments made public under a Freedom of Information … "They're friends,'' said Mary Matalin, a former top aide to Cheney who also has served as a political adviser to the Bush- Cheney election campaign. Greenspan has even found time in his Fed schedule to meet with Cheney's wife, Lynne, who is a senior fellow at the American Enterprise Institute, a Washington research organization. … Matalin and other Cheney aides add that there are boundaries in the Cheney-Greenspan relationship when it comes to the Fed's independence and picking a new chairman. "There is an official distance,'' Matalin said.
