Wednesday, February 3, 2010

It's Official Bernanke Sworn in for Second Term

Ben S. Bernanke was formally sworn in for a second four-year term as Chairman of the Board of Governors of the Federal Reserve System at a ceremony Wednesday afternoon in the atrium of the Board's main building in Washington.

The oath was administered by Vice Chairman Donald L. Kohn in a ceremony attended by Board employees. Witnesses included Chairman Bernanke's wife, Anna Bernanke.

Chairman Bernanke began his second term on February 1 following his confirmation by the Senate on January 28 and a hearing on December 3 by the Senate Committee on Banking, Housing and Urban Affairs. President Obama announced his intention to nominate Chairman Bernanke on August 25. He originally took office as Chairman on February 1, 2006.
Chairman Bernanke's new term as Chairman ends January 31, 2014, and his 14-year term as a member of the Board ends on January 31, 2020.


  1. SUMU - Screw Up, Move Up. A management strategy with powerful backers used to protect incumbents from their own incompetence. The backers are so powerful that when Michael Miliken's debt for entreprenuers investment banking business threatened it, he was thrown in jail.

  2. I realize it was probably unintentional, but the picture in your post is just a bit creepy to me.

    I am of the firm opinion that, if you see that man smiling, something nefarious is afoot.

  3. I was wrong. I honestly believed the faction that supports Obama was more powerful than the one behind Bernanke. It was apparent at the point that Obama's vacation was interrupted for an endorsement of Bernanke. Summers was so close, too... This is an interesting chess game. Did you see where Bush Sr. had to coerce O recently to support war with Iran? It only took 35 minutes at that. Hmmm....