Ben Bernanke will Continue in the Federal Reserve

The Senate of the United States agreed to keep Been Bernanke 4 years more in front of the Federal Reserve. While this was happening, The Wall Street Rates were falling by more than 1%.

The reelection, has been produced with 70 votes for, and 30 against. This way, Ben Bernanke has been selected as president of the Federal Reserve, with the highest rejection in the History. Until now, the record was from Paul Volcker, that received 16 votes against.

The treasury secretary, Timothy Geithner, stated that the Senate “acted correctly” when confirming Ben Bernanke. Geithner likes the career of Ben Bernanke and the reactions to the financial crisis.

The struggled reelection, is an historical phenomenon in the United States, with the parliamentary procedures being retransmitted by Television Channels across the country like the CNBC.

Although the reelection, Ben Bernanke is facing an uncertain future, waiting for many parliamentary problems to be solved, that could strain the independence of the Federal Reserve when auditing his decisions.

Furthermore, the monetary policy suggested by Ben Bernanke, that kept the interest rates, is beginning to be answered by the council of the Federal Reserve. Yesterday, the president of the Fed in Kansas City, Thomas Hoening, manifested himself against keeping the price of money steady, something that did not happen since January 2009.

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