White House Pushes for Bernanke
With unemployment running at 10 percent and Wall Street bankers again pocketing big bonuses, many see Federal Reserve Chairman Ben Bernanke’s priorities as skewed. But absent from those critics is the White House, which believes Bernanke will be reconfirmed for a second term next week. –JCL
Your support matters…
The White House says it is confident of Ben Bernanke’s confirmation as Federal Reserve chairman for a second term.
The top Republican in the US Senate, Mitch McConnell, also said that he believed Mr Bernanke would be confirmed with bi-partisan support.
However Mr McConnell did not say if he would be voting for Mr Bernanke.
There has been opposition from senators in both parties to Mr Bernanke’s second term. Critics say he did not do enough to prevent the economic crisis.
Independent journalism is under threat and overshadowed by heavily funded mainstream media.
You can help level the playing field. Become a member.
Your tax-deductible contribution keeps us digging beneath the headlines to give you thought-provoking, investigative reporting and analysis that unearths what's really happening- without compromise.
Give today to support our courageous, independent journalists.