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.

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