Bernanke confirmed for 2nd term in 70-30 Senate vote

WASHINGTON — Federal Reserve chief Ben Bernanke won confirmation Thursday to a second term as the US central banker, despite sharp attacks on his role before the 2008 financial meltdown and in its aftermath.

After a bitter debate that roiled global stock markets, the US Senate voted 70-30 to approve Bernanke after easily dispatching an effort to block the nomination days before his term was to expire on Sunday.

President Barack Obama declared himself “gratified” by the vote and said Bernanke was needed because “while the worst of the storm has passed, its devastation remains and we have a lot of work to do to rebuild our economy.”

Opposition to Bernanke — who drew a historic number of “no” votes — had led Obama and top aides to work the phones to court wavering Senators gripped by election-year populist pressures over the battered US economy.

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One response to “Bernanke confirmed for 2nd term in 70-30 Senate vote

  1. Akshay machhi

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