Bernanke nominated to replace 'legend' Greenspan

US President George W. Bush on Monday 24 October nominated White House economic adviser Ben Bernanke to succeed Alan Greenspan as chairman of the Federal Reserve.

"Ben Bernanke is the right man to build on the record Alan Greenspan has established," Bush said in an Oval Office ceremony with Greenspan and Bernanke.

Bernanke ``commands deep respect in the global financial community,'' Bush said as Bernanke and Greenspan stood by his side in the Oval Office. ``Ben Bernanke is the right man to build

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