President Bush said yesterday that he is looking for a successor to Federal Reserve Chairman Alan Greenspan who would be seen as politically independent and who would inspire global confidence.
"The nominees will be people that, one, obviously can do the job, and secondly, will be independent," Bush said in his first public comments on the subject. He said he has not yet seen any of the names of possible nominees gathered by his staff. "It's important that whomever I pick is viewed as an independent person from politics."...
...Recently, White House officials have received positive responses from Wall Street when they floated the name of former Fed board member Lawrence B. Lindsey, who was Bush's key economic adviser in the 2000 presidential campaign. Lindsey was a chief architect of Bush's economic program in the early days of the president's first term and ran his National Economic Council until late 2002.
Lindsey may want to take his phone off the hook.