ABOARD AIR FORCE ONE (AP) — President Barack Obama believes Federal Reserve Chairman Ben Bernanke will win another term despite senators’ hesitation over his willingness to discuss what steps the central bank will take to add much-needed jobs.
Deputy press secretary Bill Burton told reporters traveling with Obama to Ohio that the White House still believes Bernanke will get another term at the helm of Fed. Burton says Obama has “a great deal of confidence” in the steps Bernanke has already taken and he is “the best person for the job.”
Burton also said the White House still is working to get Bernanke confirmed and there’s no backup plan. Some senators have said they want more information supporting Bernanke, a holdover from Republican President George W. Bush.