After Senator Bernie Sander's "hold" on Fed Chairman Ben Bernanke's reelection (see below post for story/links), Senator Christopher Dodd endorsed Bernanke saying, ""I believe you are the right leader for this moment in the nation's economic history and it would send the right message to markets." However, Dodd also believes that the Fed's powers need to be curbed, saying, "I admire what we you did the last two years, but we never should have gone where we did the last two years. We needed more cops on the street."
I think it is ironic that only democrats are defending Ben Bernanke, whereas Bernie Sanders (I-VT) and Richard Shelby (R-AL) are attacking him. CNN reports "But the committee's ranking Republican, Sen. Richard Shelby of Alabama, was far more critical of Bernanke in his opening statement, telling Bernanke 'I fear now our trust and confidence (in the Federal Reserve) was misplaced.'" -View the entire article here.
No comments:
Post a Comment