Dodd, Gregg Predict Bernanke Will Win 2nd Term

WASHINGTON (AP) — Two key senators leaders predict that embattled Federal Reserve Chairman Ben Bernanke will be confirmed for a second term.

Senate Banking Committee Chairman Chris Dodd, D-Conn., and former Senate Budget Committee Chairman Judd Gregg, R-N.H., said in a statement Saturday that Bernanke is the right person to help guide the economy back from the worst recession since the 1930s.

Bernanke’s term expires Jan. 31. A Senate vote hasn’t been set on whether to OK a second four-year term.

Already four Senate Democrats have said they would vote against the Fed chairman.

Bernanke has become the focus of increased criticism since Republican Scott Brown won a Senate seat in an upset election in Massachusetts this past week.

Comments are closed.