Tuesday, August 25, 2009

Obama Nominates Bernanke for Second Term

President Barack Obama said he is nominating Ben Bernanke for another term at the helm of the Federal Reserve, hailing Mr. Bernanke's "calm and wisdom" in the face of the economic crisis...

"We need Ben to continue the work he's doing, and that is why I've said that we cannot go back to an economy based on overleveraged banks, inflated profits, and maxed-out credit cards," Mr. Obama said.


full text of Obama's remarks

Bernanke's remarks

No comments: