Federal Reserve Chairman Bernanke Wins 2nd Term

Law360, New York (January 28, 2010, 5:04 PM EST) -- Federal Reserve Chairman Ben Bernanke clinched a second term Thursday, fending off a last-minute, bipartisan groundswell of opposition from senators critical of the role the Fed's policies played in the run-up to the economic crisis.

The U.S. Senate voted 70-30 in support of Bernanke's nomination, days before the Jan. 31 expiration of his first four-year term at the helm of the nation's central bank.

Bernanke has faced a difficult and politically fraught confirmation process since President Barack Obama announced his intention to back a second term...
To view the full article, register now.