Obama to reappoint Fed Chairman Bernanke

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http://www.marketwatch.com/story ... -2009-08-24-2125400

By Michael Kitchen

LOS ANGELES (MarketWatch) -- President Barack Obama plans to announce the reappointment of Federal Reserve Chairman Ben Bernanke on Tuesday, reports said late Monday. The annoucement of a second term for Bernanke will be made from Martha's Vineyard, Mass., The Wall Street Journal reported, citing White House Chief of Staff Rahm Emanuel. Obama is expected to praise the Fed chairman for his "bold action" in dealing with the financial crisis, according to Reuters. Bernanke's four-year term expires in January, and his reappointment will require Senate confirmation

exg

huhu, market will drop

Diver

dara

Fed chairman always on the current president side now.

Look at Greenspan, if he was not too old, he would still be Fed Chair