Obama to re-appoint Bernanke

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Edward Harrison | 24 August 2009 22:01

This from the Wall Street Journal’s David Wessel:

President Barack Obama will announce Tuesday that he is nominating Ben Bernanke for a second four-year term as chairman of the Federal Reserve, White House Chief of Staff Rahm Emanuel said.

No Larry Summers, no Janet Yellen. Bernanke gets another four years.

About Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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1 Comment

Anonymous says:

25 August 2009 at 14:13

God help the USA. Actually, it’s not like obama would have chosen a different ‘direction’ anyway…who am I kidding?