Bush quietly reshaping the Fed

Once Bush replaces Vice Chairman Roger Ferguson, the only Democrat on the Fed's board who resigned recently, four of the Fed's seven governors will have taken office in 2006, and all seven will be Bush appointees.

That would make Bush only the third president to place all seven governors on the board, after Ronald Reagan in 1988 and Franklin Roosevelt in 1936.

---- from CNN http://money.cnn.com/2006/03/02/news/economy/fed_bush_picks/index.htm