Bernanke wins second term as Fed chairman
(AP) - The Senate has confirmed Ben Bernanke for asecond term as chairman of the Federal Reserve.
The Senate voted 70-30 on Thursday to reappoint Bernanke amidcriticism of his judgment ahead of the financial crisis and hissupport for massive Wall Street bailouts. His supporters creditedhim for engineering a financial industry rescue in time to preventa catastrophic collapse.
The vote was the closest ever for a nominee for Fed chairman. Itcame amid roiling public anger over the economy and stubbornly highunemployment that fueled a populist backlash against Bernanke. NoFed chairman has been rejected in the Senate.
Bernanke's current term expires Sunday.