Saturday, November 21, 2009

Dodd Hedges a Bit on Bernanke's Reappointment

Public pressure is starting to have an impact on Congress.

Sen. Chris Dodd (D-CT), chairman of the Senate Banking Committee and Mr. Banking Insider, said only a month ago that there was a high likelihood of the Fed chairman would keep his current job. "The chairman's not going anywhere," Dodd said during one interview.

Yesterday he told a group of reporters that Bernanke's Senate confirmation for a second term isn't guaranteed.

"Not necessarily, not necessarily," he said in response to a question about whether Bernanke getting a second term was a foregone conclusion. "We'll see how members react."

He went on to say, "I'm inclined to be supportive. I think he's done a far better job over the last couple of years than he did initially. . .but clearly I want to reserve final judgment."

1 comment:

  1. "I think he's done a far better job over the last couple of years than he did initially"

    Sure. 5% interest rate - bad; 0% - good.
    Coddling deadbeats and speculators - good; scewing savers- better, huh, Chris?

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