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COPYRIGHT 2005 Voxant Inc.
Original Source: CNBC/DOW JONES BUSINESS VIDEO ANALYST INTERVIEW
MARK HAINES, CNBC ANCHOR: The international markets continuing to rally, sparked by the nomination of Bernanke to replace Alan Greenspan as Fed chairman. In Asia the Nikkei and Hang Seng were both up nicely. Tokyo gained 175, Hong Kong 22. Back home all the major indices yesterday built on early momentum to end the day in positive territory. There you see the list, the biggest gain in the Dow, by the way, 170 points since April. The 51-year-old economist arrived at the White House back in June after serving on the Fed`s Board of Governors from 2002 to 2005. He says he will stay true to the work done by his predecessor.
(BEGIN VIDEO CLIP)
BEN BERNANKE, FEDERAL RESERVE CHAIRMAN NOMINEE: My first priority will be to maintain continuity with the policies and policy strategies established during the Greenspan years.
(END VIDEO CLIP)
HAINES: All right. Joining us with more on what the Bernanke nomination means for the markets and economy, in Chicago, Brian Wesbury, chief investment strategist at Claymore Advisors; and in New York, Chip Dickson, chief U.S. strategist at Lehman Brothers. We`ll start with Brian.
What do you think?
BRIAN WESBURY, CHIEF INVESTMENT STRATEGIST, CLAYMORE ADVISORS: Good morning, Mark.
HAINES: Good morning, Brian. What do you think the biggest challenge facing Bernanke is here, assuming confirmation goes well?
WESBURY: Well, after yesterday`s reaction, his biggest challenge is to convince markets that he`s not an inflation dove, and you know that`s kind of interesting, because the more...
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