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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. 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)
By Robert Gavin
Globe Staff / August 26, 2009

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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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