Right man, rough job

The Federal Reserve


Aug 27th 2009
From The Economist print edition

Ben Bernanke’s renomination as Fed chairman is good news. But his hardest work lies ahead

APHAVING endured weeks of criticism over his plans to reform American health care, Barack Obama urgently needs some friendly headlines. That helps to explain why, on August 25th, the president nominated Ben Bernanke to a second term as chairman of the Federal Reserve, even though Mr Bernanke’s first one does not expire until next January. The decision was widely hailed on Wall Street and in Washington, DC. With few exceptions, politicians and economists lined up to praise Mr Bernanke and to laud Mr Obama for keeping him.
FOR MORE DETAILS PLEASE CLICK HERE