Bernanke appointed to another term
WASHINGTON — The Senate has confirmed Ben Bernanke for a second term as chairman of the U.S. Federal Reserve.
The Senate voted 70-30 on yesterday to reappoint Bernanke amid criticism of his judgment ahead of the US financial crisis and his support for massive Wall Street bailouts. His supporters credited him for engineering a financial industry rescue in time to prevent a catastrophic collapse.
The vote was the closest ever for a nominee for Fed chairman. It came amid roiling public anger over the economy and stubbornly high unemployment that fueled a populist backlash against Bernanke. No Fed chairman has been rejected in the Senate.
Bernanke’s current term expires Sunday.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Three indicted, alleged to have embezzled from agency
- MARTIN WILLOUGHBY — Tyler Raborn finds success and fulfillment with Raborn Media
- DAVID DALLAS: Mr. McDaniel goes to Washington
- Judge to hear from True the Vote as McDaniel attempts to overturn loss to Cochran
- Under state probe, All American Check Cashing gets ‘F’ rating from Better Business Bureau
- Manning family establishes health care initiative at UMMC
- Walker sentenced to 18 months for fraud, conspiracy
- Weyerhaeuser investing $57M to modernize lumber mill
- Supreme Court deals blow to McDaniel's election challenge