Senate Finance Committee Chairman Max Baucus (D-MT) will support a second term for Federal Reserve Chairman Ben Bernanke, according to an e-mailed statement.
“Chairman Bernanke has been forced to preside over a remarkably turbulent time in our economy. Facing circumstances not seen since the Great Depression, he made a number of critical decisions that brought us back from the brink of economic disaster. I have full faith he will continue to use his post as Chairman of the Federal Reserve to create jobs, help middle class families and continue to get our economy back on track. These past two years have revealed flaws in our regulatory system that must be addressed with strong and comprehensive regulatory reform. It is clear that we face many serious challenges moving forward which is why I will vote to confirm Chairman Bernanke for another term.”
(credit image – associated press)
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