Senator Bernie Sanders (I-VT) “said on Sunday he will not vote to reconfirm Ben Bernanke as chairman of the Federal Reserve, in a preview of the rough treatment Bernanke may get this week on Capitol Hill,” Capitol Hill Blue reports.
The open opposition of Sanders, an independent outside the political mainstream, is unlikely alone to derail Bernanke’s renomination. But it reflects the Fed’s challenges.
"I absolutely will not vote for Mr. Bernanke. He is part of the problem," Sanders said on ABC’s "This Week" TV program.
Bernanke "didn’t … do anything to prevent us from sinking into this disaster that Wall Street caused and which he was a part of," Sanders said, referring to last year’s severe financial crisis and the deep recession that followed.
The central bank chief “will testify on Thursday before the Senate Banking Committee at a hearing on his nomination to a second four-year term.”
(credit image – getty)
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