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Senate Votes to Confirm Bernanke
|Last Edited||J.R. Jan 28, 2010 05:16pm|
|Media||Newspaper - Wall Street Journal|
|News Date||Friday, January 29, 2010 01:15:00 AM UTC0:0|
|Description||The Senate voted 70-30 to reappoint Ben Bernanke for a second four-year term as chairman of the Federal Reserve. |
Earlier, senators voted 77-23 to end debate, clearing the way for a final vote. During more than two hours of debate on the Senate floor, Bernanke backers warned that voting him down risked sparking turmoil in U.S. and foreign markets and thwarting a budding economic recovery. They said the Fed chairman deserved an opportunity to finish what he started.
Critics assailed him for his record ahead of the crisis, from bank supervision to mortgage regulation to the financial rescue.