By: Phillip Elliott
Source: miamihearld.com
President Barack Obama announced Tuesday he wants to keep Ben Bernanke on as Fed chairman, saying he shepherded America through the worst economic crisis since the Great Depression.
“Ben approached a financial system on the verge of collapse with calm and wisdom; with bold action and out-of-the-box thinking that has helped put the brakes on our economic freefall,” said Obama, with Bernanke standing by his side. “Almost none of the decisions he or any of us made have been easy.”
Bernanke, 55, is credited with turning the economy away from its deepest and longest recession since the 1930s. Now he faces the challenge of meeting White House expectations to chart the full economic recovery considered critical to Obama’s legacy.
Obama breaks vacation, keeps Bernanke at Fed
