Obama to Give Bernanke Another Title Shot

"Bernanke, a Republican, has played a central role in the government's extraordinary response to the recession and 2008 banking panic..."

Posted:
 
bernanke_4

Ben Bernanke's probably keeping his job (and health benefits). From CNN:

President Obama announced Tuesday that he plans to nominate Ben Bernanke to a second term as head of the Federal Reserve.

"Ben Bernanke, has led the Fed through the one of the worst financial crises that this nation and this world have ever faced," Obama said from Martha's Vineyard, Mass., as Bernanke stood by his side. "As an expert on the causes of the Great Depression, I'm sure Ben never imagined that he would be part of a team responsible for preventing another."

Obama said that Bernanke's "background, temperament, his courage, and his creativity" helped him to prevent another Great Depression.

Bernanke, a Republican, has played a central role in the government's extraordinary response to the recession and 2008 banking panic.

Bernanke will have to be confirmed by the Senate. His term ends on Jan. 31. Fed chairmen serve four-year terms.

The question of Bernanke's reappointment had been the focus of much speculation. Recently many economists and insiders had said they believed that he would more than likely keep his job.

Get the rest of the scoop here.

How do you think Bernanke's done? Should he keep his job?

Comments
The Root encourages respectful debate and dialogue in our commenting community. To improve the commenting experience for all our readers we will be experimenting with some new formats over the next few weeks. During this transition period the comments section will be unavailable to users.

We apologize for any inconvenience and appreciate your continued support of The Root.

While we are experimenting, please feel free to leave feedback below about your past experiences commenting at The Root.
Must-See Family Attractions
July 29 2014 2:13 PM