Bernanke Up for Round Two as Fed Chief
After heading up the Fed during the nation's biggest economic catastrophe in decades, Federal Reserve Chairman Ben S. Bernanke will be nominated to continue his role for a second term, according to another top Obama adviser, David Axelrod.
After heading up the Fed during the nation’s biggest economic catastrophe in decades, Federal Reserve Chairman Ben S. Bernanke will be nominated to continue his role for a second term, according to another top Obama adviser, David Axelrod. –KA
Rock Solid JournalismBloomberg:
Obama will make the announcement tomorrow [Tuesday] on Martha’s Vineyard, Massachusetts, where he is vacationing with his family, and Bernanke is expected to join him, Axelrod said. The nomination requires Senate approval. Bernanke’s four-year term as chairman expires Jan. 31.
“The president believes that Bernanke has provided extraordinary leadership during the most difficult financial crisis we’ve faced since the Great Depression,” Axelrod said. “As we build our economy that leadership is still needed.”
In 2026, amid chaos and the nonstop flurry of headlines, Truthdig remains independent, fact-based and focused on exposing what power tries to hide.
Support Independent Journalism.
Editorial Cartoons
Editorial Cartoons
TD Column
In a healthy party, losers get jettisoned and new leaders are given the reins.
Editorial Cartoons
Health & Wellness
The betrayal of trust by the institutions meant to protect Flint’s residents has made them cautious as they look to the future.
TD Original
Reflecting on the systems that maintain racism and separatism in America.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.