And so Ben Bernanke’s reappointment campaign begins:
June 23 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke will defend his unprecedented actions to prevent a financial collapse as debate on whether he should be reappointed begins.
Bernanke, whose term expires Jan. 31, faces lawmakers at a hearing this week on steps to aid Bank of America Corp.’s takeover of Merrill Lynch & Co. as Congress increasingly questions the Fed’s interventions. The session comes after a two-day meeting on monetary policy that starts today.
Larry Summers also a possibility, Bloomberg reports. Am not sure if a former member of Committee to Save the World would be right guy for the job, considering that the other two people on the committee haven’t exactly turned out to be the geniuses everyone thought they were at the time. Plus, Summers doesn’t obfuscate well. . . .
In any event, Intrade lately puts odds of Bernanke keeping job at 60%. . . .
