Pimco CEO: 4 tasks to define Bernanke's second term:

08/26/2009 | Financial Times (free content)

Mohamed El-Erian, CEO and co-chief investment officer of Pacific Management Investment Co., writes that Ben Bernanke's reappointment for a second term as chairman of the Federal Reserve deserves broad support. In his first term, Bernanke was forced to focus on crisis management. His second term, El-Erian says, will center on four major tasks. Exiting the unprecedented emergency efforts will be first on Bernanke's agenda. He also must defend the Fed's institutional integrity, revamp its operational focus and play a key role in improving crisis prevention.

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