President Obama to Reappoint Bernanke
From MSNBC. Looks like President Obama plans to reappoint Bernanke. I had a feeling he was leaning towards this decision. I really don't have a strong feeling either way on this. I suppose we could easily blame Bernanke for a role in the worst economic meltdown in years since it happened on his watch. Then again, the things he has implemented since the crisis now seem to be having a positive effect and experts say the end of the recession is getting closer.
OAK BLUFFS, Mass. - Federal Reserve Chairman Ben Bernanke, widely credited with taking aggressive action to avert an economic catastrophe after the financial meltdown last fall, will be nominated by President Barack Obama for a second term, NBC News has confirmed.
Obama plans to make the announcement on Tuesday during a break from his vacation on Martha's Vineyard, NBC and The Associated Press reported.
In remarks prepared for the announcement, Obama praised Bernanke for leading the country through a financial crisis and, with his expertise on the Great Depression, helping to prevent a similar crisis.