President Obama took time from his vacation yesterday to announce he is nominating Federal Reserve chairman Ben S. Bernanke to a second term.
(Brian Snyder/ Reuters)
Banking on Bernanke
Obama’s pick to stay as Fed chairman faces criticism and a tough job, once again
President Obama took time from his vacation yesterday to announce he is nominating Federal Reserve chairman Ben S. Bernanke to a second term.
(Brian Snyder/ Reuters)
Federal Reserve chairman Ben S. Bernanke unleashed more than $1 trillion into the US economy to tame a financial crisis that threatened to spiral into a second Great Depression. Nominated for a second term, the 55-year-old economist would still face a fragile recovery that could easily unravel into another recession, analysts said. (Full article: 870 words)
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