President Bush announced today that Ben Bernanke will replace Alan Greenspan as Chairman of the Federal Reserve Board. Greenspans' term expires January 31 of next year. Bernanke currently serves as Chairman of the White House Council of Economic Advisors and has sought to associate himself with the policies of Greenspan, particularly regarding keeping inflation down. Bernanke stated that his first priority would be "to maintain continuity with the policies and policy strategies established during the Greenspan years." Washington Post: "Bush Selects White House Economist Bernanke to Replace Greenspan