Feinstein backs Bernanke for Fed post
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Sen. Dianne Feinstein announced her support this morning for Ben Bernanke to receive another term as chairman of the Federal Reserve. Feinstein’s announcement puts her at odds with fellow Californian Barbara Boxer, who said last week that she would not vote for Bernanke’s reconfirmation.In a prepared statement, Feinstein said that it would be a mistake not to reconfirm Bernanke.
“To blame one man for the financial implosion is simply wrong,” she said. “Ben Bernanke has been helpful to the recovery and, for reasons of stability and continuity, should be reconfirmed. I support him fully.”
-- Michael Muskal
