In a majority of 70 vs. 30 and after a long battle by the republican senators, the senate had approved the Federal Reserve chairman’s second term.
The US senate had approved with a majority of 70 vs. 30 that Ben Bernanke will continue to he’s second terms as the chairman of the Federal Reserve. Bernanke got Barak Obama’s support for the nomination after Obama claimed the Bernanke’s policy helped the US to minimize the damages of the global financial crisis.
Although Obama declared that he supports Bernanke’s nomination few months ago, the objection of republican senators had put a question mark over Obama’s ability the pass the nomination.
