The Bets are on Bernanke
Rumors are aswirl that Bush will announce his pick to replace Greenspan today at 1 Eastern time. The betting at online futures markets and bookie shops heavily favors Ben Bernanke.
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Update: Everbody is confirming Bernanke. The stock market, at this hour, is breathing a big sigh of relief that it won't be the OEOB's accounts payable clerk.
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Update 2: It's Bernanke. Mark Thoma has a good analysis.