Cornyn a No on Bernanke, McCain Leaning Against

The tally against “re-confirming Ben Bernanke grew by one Sunday when Sen. John Cornyn, R-Texas, said he will vote ‘no’ to a second term for the Federal Reserve chairman,” Fox News reports.

"The Federal Reserve will benefit from a fresh start," Cornyn told "Fox News Sunday." "I’m not saying Bernanke didn’t do a good job, but I think he should have seen (the recession) coming."

Senator John McCain (R-AZ) is leaning against confirmation as well.

"I’m very skeptical about his nomination," McCain told CBS’s "Face the Nation. "Chairman Bernanke was in charge when we hit the iceberg and his policies were partly responsible for the meltdown. … He should be held accountable."

Minority Leader Mitch McConnell (R-KY) predicted he’ll be confirmed.

Speaking Sunday on NBC’s "Meet the Press," Sen. Mitch McConnell, the Republican leader, said he is confident Bernanke will win confirmation but would not indicate how he will vote.

(credit image – reuters)


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Filed under Federal Reserve, Nominations, Party Leadership, Sunday Shows

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