Cheney and the next Fed Chairman.

• Position: OFF THE NEWS - Richard Cheney - Federal Reserve Board - Brief Article

Senior Bush Administration strategists say the President is likely to adopt an approach to the choice of a new Chairman of the Federal Reserve significantly different from his approach to appointments to the United States Supreme Court. "Supreme Court appointments are the kind of thing would-be Presidents think about long before the New Hampshire primary," one strategist said. "They fixate on the type of individual they would appoint to the court."

The Federal Reserve, strategists say, is another matter. The President is not likely to become as intimately involved. True, the White House has already run a list of potential Fed Chairmen by the President who has crossed off individuals unwanted under any circumstances. In the end, senior strategists say that...