George Bush's Fed Nominee Is 35 and Without a Ph.d

Bloomberg reports:

Most of President George W. Bush's nominees to the Federal Reserve have earned accolades from across the economic and political spectrums.

And then there's Kevin Warsh.

Bush's nomination of the 35-year-old White House aide -- a lawyer by training who would become one of only two members of the Fed's seven-member board of governors without a Ph.D. in economics -- has been greeted by criticism and bewilderment by some former Fed officials and economists. They point to his political connections and inexperience, and say the White House could have found a better-known, more qualified choice.

``Kevin Warsh is not a good idea,'' said former Fed Vice Chairman Preston Martin, who was appointed by Republican President Ronald Reagan in 1982. ``If I were on the Senate Banking Committee,'' which must approve Fed nominees, ``I would vote against him.''

``The Warsh nomination came out of left field,'' said Tom Schlesinger, executive director of the Financial Markets Center, a Howardsville, Virginia-based group that monitors the Fed.

A sort of Harriet Miers for Fed appointments.