Bush nominates Bernanke as Economic Adviser

US President Bush will nominate Federal Reserve Governor Ben Bernanke to be chairman of the Council of Economic Advisers, the White House said Friday 1 April.

Bernanke, 51, is an MIT-trained economist who taught at Princeton University for 17 years before being appointed to the Fed board in 2002.

If appointed he would succeed Harvey Rosen, who has been chairman since N. Gregory Mankiw left earlier this year.

Bernanke has been considered a leading candidate to succeed Federal Reserve Chairman Al