As Mitt Romney accepted his party’s presidential nomination last night, watching his speech from a Wyoming bar were potential candidates to run the Federal Reserve should he win.
Glenn Hubbard, dean of Columbia Business School and an economic adviser to the Republican nominee, left the opening dinner of the Kansas City Fed’s annual monetary policy symposium to catch Romney’s speech from the Blue Heron bar of the Jackson Lake Lodge. He was joined by Harvard University professor Martin Feldstein and Edward Lazear, the former chairman of President George W. Bush’s Council of Economic Advisors.
Hubbard and Feldstein could be on the shortlist to run a Romney Fed after the Republican pick said he wouldn’t reappoint Chairman Ben S. Bernanke, also in Jackson Hole yet not in its watering hole last night. Another potential contender for the Fed helm attending the conference is Stanford University professor John Taylor.
Hubbard drank from a plastic glass of chardonnay during Romney’s speech and at its conclusion clapped and declared it to be “excellent.”
President Barack Obama didn’t go unrepresented. Gene Sperling, director of the National Economic Council, joined the crowd halfway through the speech, shaking his head and throwing a playful punch at Hubbard at one point.