Senate backs Ben for 2nd term at Fed

The U.S. Senate on Thursday approved Ben Ber-nanke’s nomination to asecond four-year term running the Federal Reserve, the world’s mostpowerful central bank, despite deep misgivings over his perceivedpolicy missteps.<p></p>
Published : January 29, 2010

 

The U.S. Senate on Thursday approved Ben Ber-nanke’s nomination to a second four-year term running the Federal Reserve, the world’s most powerful central bank, despite deep misgivings over his perceived policy missteps.

 

The Senate voted 70-30 to confirm Bernanke, after clearing a procedural hurdle with the support of 77 senators. Bernanke won the Senate’s needed backing despite the stiffest opposition to any nominee for Fed chairman in the nearly 32 years the Senate has voted on the position.

 
 
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