FedHead

From MSNBC's First Read:

The Washington office of economic research firm International Strategy & Investment wondered yesterday in a memo to clients, pre-Rose Garden, whether the Miers pick raises the odds that Bush will choose a close advisor to head the Fed when Greenspan retires. "It's hard to miss the second-term appointment that fit the pattern of Bush appointing to key posts White House aides who have long and deep relationships with him."

I'm gonna consider this a test of my theory. I think he appointed Miers as insurance. He won't need insurance in the Fed, thus I think he's pick a darling of Wall Street, even someone he doesn't even know.