Securities Industry Association Praises President’s Choice of Bernanke for Fed Chairman

Marc Lackritz, President of the Securities Industry Association (SIA), today hailed President Bush’s decision to nominate Ben Bernanke as Alan Greenspan’s successor as the Chairman of the Federal Reserve.

“Ben Bernanke’s experience, intellect and temperament make him an excellent choice to lead the Fed and help steer the nation’s economy,” said Lackritz. “His previous service on the Fed’s board of governors under Greenspan has provided him invaluable preparation for this critical role and his steady hand and solid judgment should serve our financial markets well. We look forward to working with him.”