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August 25th, 2009 10:23 am
Bernanke gets a second term as Fed Chairman
Posted by Print

Interrupting his vacation on Martha’s Vineyard today, President Obama announced plans to appoint Federal Reserve Chairman Ben Bernanke to a second term. 

Here’s the story from The Washington Post:

OAK BLUFFS, Mass., Aug. 25 –With Bernanke at his side in a schoolhouse-turned-briefing room on this vacation island, Obama said Bernanke has helped to steer the country through one of its worst financial crises.

President Obama on Tuesday renominated Ben Bernanke for another term as chairman of the Federal Reserve, citing “his background, his temperament, his courage, and his creativity” as reasons he should continue in the nation’s most powerful economic policy making job.

Read the full WaPo story here.

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