Obama says he'll nominate Ben Bernanke to lead Federal Reserve for another 4 years.
From Michael D. Shear and Neil Irwin, The Washington Post:
OAK BLUFFS, Mass., Aug. 25 -- President Obama on Tuesday renominated Ben Bernanke for another term as chairman of the Federal Reserve, citing "his background, his temperament, his courage, and his creativity" as reasons he should continue in the nation's most powerful economic policy making job.
With Bernanke at his side in a schoolhouse-turned-briefing room on this vacation island, Obama said Bernanke has helped to steer the country through one of its worst financial crises.
"Ben approached a financial system on the verge of collapse with calm and wisdom; with bold action and out-the-box thinking that has helped put the brakes on our economic freefall," Obama said.
