Senate leaders strive to vote on Bernanke before his term ends

01/14/2010 | Bloomberg

Senate leaders are trying to hold a confirmation vote before Federal Reserve Chairman Ben Bernanke's term ends Jan. 31. A delay in Mr. Bernanke's confirmation would probably lead to Vice Chairman Donald Kohn acting as chairman temporarily. "Bernanke is not the kind of person who would want to get into a legal battle over a few months, or maybe even a few weeks, awaiting Congress' decision," said Lyle Gramley, senior economic adviser to Soleil Securities and a former Fed governor. "He would be glad to defer to Don Kohn as acting chair for whatever period of time it took Congress to make up its mind."

View Full Article in:

Bloomberg

Published in Brief: