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Lindley Estes is a business writer for The Free Lance-Star and Fredericksburg.com. This blog is on Fredericksburg-area business. Send an e-mail to Lindley Estes.

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“In Fed We Trust” delves into moves of Ben Bernanke

"In Fed We Trust"IS ANYONE ELSE surprised that Ben Bernanke is facing so much opposition to a second term as Federal Reserve chairman?

The Wall Street Journal reported Friday that Bernanke’s confirmation will go down to next Sunday’s wire–when his first term expires–and may end up as the closest vote on record. Bernanke needs 60 Senate votes to win approval for another four-year term.

Some senators plans to vote against Bernanke "to signal displeasure with the Fed’s handling of the financial crisis and Wall Street," the WSJ reports.

Results of a WSJ online poll asking people whether Bernanke should be appointed to a second term were split almost exactly in half.

Click here to read this week’s full Business Browser column. 

Click here to read more about the book mentioned in this week’s column — David Wessel’s "In Fed We Trust." 

Permalink: http://news.fredericksburg.com/businessbrowser/2010/01/24/in-fed-we-trust-delves-into-moves-of-ben-bernanke/

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