Bernanke in trouble? NY Times is reporting that Senators Boxer and Feingold are going to oppose his reappointment as head of the Federal Reserve. This could become very interesting, now that the facade of President Obama’s Divine Providence has crumbled.
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Wow, that is one of the first issues that they have been in agreement with me…..
If they reject him or fail to reappoint him, the VP of the fed, a guy named Kohn will take over until a replacement is confirmed. Bernanke will continue to serve a 14 year term as a member of the Board, but would lose the corner office.
Any word on this Kohn guy and his policies?