Senate Approves Bernanke as Fed Chairman (Breaking!)

Fox News ^ | 1/31/05

[areafiftyone]

WASHINGTON — The Senate on Tuesday approved the nomination of Ben Bernanke to be the next chairman of the Federal Reserve, the most influential economic policy job in the world.

Bernanke, 52, was cleared on a voice vote after a short debate in the chamber amid strong bipartisan support.

He succeeds Alan Greenspan, 79, who retires Tuesday after 18 1/2 years, making him the second-longest serving chairman at the central bank.

"We believe that Dr. Bernanke will serve this country well at the helm of the Federal Reserve," said Sen. Richard Shelby, R-Ala., in remarks on the Senate floor before the vote.

Sen. Paul Sarbanes, D-Md., observed: "There's no question about Dr. Bernanke's qualifications for the position ... He commands great respect from his peers in the profession and I think great respect from all who have come in contact with him."

Sen. Jim Bunning, R-Ky., was the only senator requesting to be recorded as voting against the nomination. Bunning cited concerns that Bernanke would be too much in Greenspan's mold. "Sadly, I have not seen very much evidence of him being independent," Bunning said.

[ducks1944]

I think Greenspan was put there by President Reagan.

[Jack Black]

The source you site contains a likely bogus quote that jumped out at me: Here is a link describing the controversy.

http://en.wikiquote.org/wiki/Talk:John_F._Kennedy

That, of course doesn't invalidate the entire article.

[Netheron]

Absolutely. No one cares what the Fed Chairman's stance on abortion is.

If it mattered, then you would see the fight.

[M-cubed]

good catch!...that was a statement I've always questioned in the back or my mind but never researched. In that same vein...Ive always wondered why Ive never run across much official info on "why" EO 11110 (the proof of the results is the actual 4+ million in bills) It would seem at the time that there would have been some official debate or cover story if u will as to the necessity and then the lack thereof "after" his assassination..