Press Releases

Frank Statement on Chairman Bernanke

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Washington, DC, August 25, 2009 | comments

House Financial Services Committee Chairman Barney Frank today made the following statement on President Obama’s nomination of Ben Bernanke to serve a second term as Chairman of the U.S. Federal Reserve Chairman:

“I strongly support President Obama’s nomination of Ben Bernanke to a second term as Chairman of the Federal Reserve.  On the whole, Chairman Bernanke’s response to the unprecedented economic crisis has been wise and appropriate.  He has acted to provide needed liquidity to the economy and has demonstrated that he is fully ready to reverse course when economic conditions dictate.  President Obama’s decision to reappoint him now is one more example of his providing leadership the country, and the world, needs as well as addressing the economic situation he inherited.  By nominating Chairman Bernanke he is giving an example of the right kind of bipartisanship.”

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