Bernanke Wins Senate Panel’s Support
It's been a good week for Federal Reserve Chairman Ben Bernanke. First came the news that he'd been chosen to be Time magazine's Person of the Year, and then, on Thursday, the Senate Banking Committee voted to approve his nomination to lead the Fed for another four years.
It’s been a good week for Federal Reserve Chairman Ben Bernanke. First came the news that he’d been chosen to be Time magazine’s Person of the Year, and then, on Thursday, the Senate Banking Committee voted to approve his nomination to lead the Fed for another four years. –KA
WAIT BEFORE YOU GO...The New York Times:
The 16-to-7 vote, which came after flashes of populist anger erupted amid a sluggish and uneven economic recovery, was not unexpected.
President Obama has said the nomination would provide crucial continuity as the country works through its gravest economic challenges in decades.
But it represented a retreat from Mr. Bernanke’s near-unanimous approval by the committee four years ago. Neither party’s members voted as a bloc, and even some of Mr. Bernanke’s supporters said they harbored reservations and might reconsider when the vote went to the Senate.
This year, the ground feels uncertain — facts are buried and those in power are working to keep them hidden. Now more than ever, independent journalism must go beneath the surface.
At Truthdig, we don’t just report what's happening — we investigate how and why. We follow the threads others leave behind and uncover the forces shaping our future.
Your tax-deductible donation fuels journalism that asks harder questions and digs where others won’t.
Don’t settle for surface-level coverage.
Unearth what matters. Help dig deeper.
Donate now.
You need to be a supporter to comment.
There are currently no responses to this article.
Be the first to respond.