Ok, maybe the title doesn't fit...
Well; with US Federal Reserve Chief Alan Greenspan's board of governors/FR term ending/retirement in January looming ever closer. And the possibility that he may choose to step down as US Fed. Reserve Chief; we must ask ourselves some questions.
Who will replace him? Having held the position for 18 years. And have made decisions that have held the economy, keeping outcomes 'in the green'. His tenure has seen recession, expansion and recession.
With his resignment; what will it do to the economy in the short term? As seen after 9/11 (though this is at a different scale) the economy received a 'shock', which put it into somewhat of a stasis. This could happen as well; and with it, and the state of the economy, could cause it to decline. Perhaps?
What happen to the economy in the long run? (concerning his replacements 'wisdom') Will his replacement fail in their job? If he [Greenspan] chooses to step down from his position (at the age of 79), will the economy falter?
Will there be policy changes at the federal reserve?
What are your thoughts? What do you think will change? Whom do you think will replace him?