Tuesday, August 25, 2009

Bernanke Is Nominated for Second Term as Fed Chief (Update2) - Bloomberg.com

Well it is official:

Bernanke Is Nominated for Second Term as Fed Chief (Update2) - Bloomberg.com: "
“Ben approached a financial system on the verge of collapse with calm and wisdom, with bold action and out-of-the box thinking that has helped put the brakes on our economic freefall,” Obama said in Martha’s Vineyard, Massachusetts, with Bernanke at his side.

Bernanke’s nomination for a second four-year term starting Jan. 31 requires Senate approval and was endorsed by the head of the Banking Committee, Christopher Dodd"

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