Will the appointment of Ben Bernanke to the Chairman of the Federal Reserve mean a continued deficit-running economy, but lower inflation?

That’s what seems to be the consensus on WallStreet following the announcement.

Financial Times: Bernanke likely to be tough on inflation, relaxed on deficit

MarketWatch: Getting a read on Bernanke

CNN Money: Bernanke hearing may come next month.

CNN Money reports:

The Senate Banking Committee could hold a hearing on Ben Bernanke’s nomination to be chairman of the Federal Reserve as early as Nov. 14, a senior Democratic aide said Wednesday.

WaPo: Bernanke’s Learning Curve

It’s clear Bernanke has some rather large shoes to fill. Greenspan left an impressive record that will be tough to match, especially without another dot-com Bubble or similar bull run that the US economy saw in the ’90s.