Bernanke Wins Reappointment

The majors all have the story that Ben will be reappointed by Obama:

Obama will make the announcement tomorrow on Martha’s Vineyard, Massachusetts, where he is vacationing with his family, and Bernanke is expected to join him, said the official, who spoke on the condition of anonymity. The nomination requires Senate approval. Bernanke’s four-year term as chairman expires Jan. 31

Game theory would have it this is the safe pick, the one that you cannot get into trouble for, even if things go bad later.

A new Fed Chair, in the event something went awry down the road would lead blame back to the White House.

See also

Bernanke to Be Nominated for Second Fed Term by Obama (Bloomberg)

Obama to Reappoint Fed Chairman Ben Bernanke (WSJ)

Obama to Nominate Bernanke to 2nd Term as Fed Chief (NYT)

Keeping Bernanke adds clarity to cloudy outlook (Reuters)

Print Friendly, PDF & Email

What's been said:

Discussions found on the web:

Posted Under