Hubbard Said to Prefer Treasury to Fed If Romney Wins

Glenn Hubbard, the chief economic adviser to Mitt Romney, would rather be Treasury secretary than Federal Reserve chairman if the Republican candidate wins the presidential election, according to three people familiar with his thinking.

Given the choice, Hubbard prefers to go to the Treasury Department to lead an effort to overhaul the tax code, said the people, who declined to be identified because they weren’t authorized to discuss the matter. They also said Hubbard could still end up at the Fed and other people are also under consideration for the Treasury. Hubbard declined in an e-mail to comment.