Comment: Safe hands for Fed No. 2 spot

US president George W. Bush opted for a safe pair of hands in the form of Donald Kohn to replace Roger Ferguson as No. 2 at the Fed. Kohn, a 36-year Fed veteran, will be both a countervailing and supplementary force to the more studious Ben Bernanke.

COMMENT BY CENTRALBANKNEWS

The nomination of Kohn, announced on Thursday, was widely expected. The experience he brings to the post - having served in senior Fed positions throughout the tenures of Paul Volcker and Alan Greenspan - is of paramount

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