On the sidelines of a recent meeting of central bankers in Jackson Hole, Wyo., many industry insiders said Ben Bernanke, chairman of the Federal Reserve, should be reappointed to a second term. The group is a sympathetic audience and generally has admired Bernanke's aggressive, unorthodox moves after the collapse of Lehman Brothers. "Ben came to the Fed as an expert's expert on fundamental monetary policy and went far beyond that with all of his creative policies," said Martin Feldstein, a Harvard University economist.

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