Obama Renominates Ben Bernanke as Fed Chief
According to Yahoo News, President Obama nominated Ben Bernanke to a second term as Federal Reserve chairman on Tuesday, aiming for continuity at a time when the U.S. economy is breaking free from a deep recession.
The decision, while widely expected, was welcomed by financial markets and policy makers around the globe. Economists said it removed uncertainty at a delicate juncture in the economy’s recovery.
Obama interrupted his vacation on the Massachusetts island of Martha’s Vineyard to make the brief announcement with Bernanke, 55, at his side.