Tuesday, May 30, 2006
So who will set the tone for economic policy in DC now? Ed Lazear currently heads the Council of Economic Advisors, and he's well known among economists but probably not on Wall Street. The other two members? Well, if you knew both their names before exploring that CEA link, you're a bigger wonk than me, and that takes a little doing.
In Rubin's day, he would travel to visit Greenspan fairly regularly. It would be wise for Paulson to get to know Ben Bernanke more regularly, since Bernanke is the guy who Lazear replaced. At any rate, it seems likely that Paulson will get to be more than just a voicebox for the Bush White House. He has experiences nobody around there has, particularly with Bolten off from OMB to the White House staff.