Bernanke Argues for a Second Term
Friday, 04 December 2009 | by Pat's Picks
Ben Bernanke was arguing for his job yesterday in front of a Senate panel, which convened to evaluate whether the Fed Chairman should be given another four-year term. The Wall Street Journal reports that Bernanke admitted that mistakes had been made dealing with last year’s financial crisis but that his “actions helped save America from another Great Depression.” The Journal goes on to note that the real focus of the Senate’s hearing was the central bank and how much power it should wield.
Scroll down to see an excerpt of the hearing:
