Greenspan replacement faces considerable obstacles at Fed

Ben Bernanke's job is to replace an icon. Alan Greenspan, the ultra-reassuring grandfather of global financial markets, has been chairman of the Federal Reserve since 1987.

29th October, 2005

Ben Bernanke's job is to replace an icon.

Alan Greenspan, the ultra-reassuring grandfather of global financial markets, has been chairman of the Federal Reserve since 1987.

Bernanke, who takes over next February, faces considerable obstacles and will have to fight hard to develop his ‘street cred' with the markets. No matter what he has written or said in the past, each nuance of his body language from now on will be studied and his every word...

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