Obama Wants More Bernanke

The president plans to reappoint Ben Bernanke as Federal Reserve chairman.


President Obama has announced today that he will nominate Ben Bernanke for a second term. That news surely has disappointed critics of both Bernanke and Alan Greenspan—critics who want a Fed chairman more skeptical of free markets. But, in terms of avoiding a future financial crisis, how much would taking the Fed in a different direction even matter? Read my previous thoughts here.