Bernanke’s Confirmation Support Runs 3-1 in Favor in Senate
via Bernanke’s Confirmation Support Runs 3-1 in Favor in Senate – Bloomberg.com.
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Hi sir,
i hope you are satisfy my answer
Ben Bernake’s current term as chair of the Federal Reserve ends on January 31st, 2010. As such, the Obama administration and Senate are looking to reconfirm him, even though there is no good reason to do so.The Federal Reserve Act dictates that one of the founding directives of the Federal Reserve is to “promote effectively the goals of maximum employment.” However, with a current U3 unemployment rate of 10.2%, it is obvious to everyone in the country that we do not have maximum employment.
Thank you sir.