The Associated Press
The U.S. Senate has confirmed Ben Bernanke for a second term as chairman of the Federal Reserve.
The Senate voted 70-30 on Thursday to reappoint Bernanke amid criticism of his judgment ahead of the financial crisis and his support for massive Wall Street bailouts.
His supporters credited him for engineering a financial industry rescue in time to prevent a catastrophic collapse.
The vote was the closest ever for a nominee for Fed chairman. It came amid roiling public anger over the economy and stubbornly high unemployment that fuelled a populist backlash against Bernanke.
No Fed chairman has been rejected in the Senate.
Bernanke’s current term expires Sunday.
U.S. Senate confirms Bernanke for a second term
70-30 vote was closest ever for Fed chairman
- By: The Associated Press
- January 28, 2010 January 28, 2010
- 16:48