Obama Sticks with Bernanke

Not surprising, but President Obama reappointed Federal Reserve Chair Ben Bernanke to another term yesterday (see Obama to Nominate Bernanke). Although Bernanke is a Republican, his style of aggressive action seems to pair well with the White House. Change at this point would have been usual as the economic indicators are showing some positive signs. Even though there will be questions at his confirmation, there is no reason to expect too much trouble.

- JSM