Bernanke Gets The Job Again

Posted: Aug 25, 2009 8:06 AM
Ben Bernanke took over the Fed in a time of almost unprecedented turmoil. And he supported Obama's controversial economic stimulus — which some people think worked, but a growing majority think were dangerous. Whatever the case, being Fed chair in a sharp economic downswing is tricky business, and Bernanke has come out on top, with sources reporting that President will re-appoint him for a second term.

Micheal Grunwald at Time thinks its because Bernanke, overall, has "been courageous and innovative and (so far) successful." The Wall Street Journal reports that futures have risen in the wake of news about his re-appointment, and that many economists support the move.