The Job of Ben Bernanke in the Federal Reserve is in Danger

The perspectives of keeping his job in the Federal Reserve by Ben Bernanke have been put into doubt last Friday, when the Obama administration was trying to ensure its power in the Senate.

The people against Ben Bernanke, some afraid of his reelection and some disagree with what the Fed done with the financial crisis, moved against him, enlarging the list of negative votes already revealed.

Democrat senators Barbara Boxer (California) and Russ Feingold (Wisconsin) said that will be against the reelection of Ben Bernanke, that should be before the January 31st.

Ben Bernanke needs 60 votes to ensure his reelection, due to the blocking system of the chamber. Donald Kohn, vicepresident of the Federal Reserve, would be the interim chief of the bank is reelection of of Ben Bernanke is postponed.

Other names that circulated as alternatives for the presidency of the Federal Reserve, include Kohn himself, Lawrence Summers, the economic assistant of the president, and Alan Blinder, the economist of the Princeton University.

The assessors of the White House and the Treasure, Rely on that Ben Bernanke will be confirmed by the senate, when will be accomplished five months since the president of the United States announced his nomination.

Before the vote of Harry Reid, democrat leader of the Senate, seemed to be doubting, but said that ‘”Although I will vote for, my support isn’t unconditional”

Some economists warned that rejecting Ben Bernanke could be seen as a threat to the independence of the Federal Reserve. So and the shares falled by 2%.

A “No” to Ben Bernanke could be seen by the markets as a sign of uncertainty. Chris Dodd, the president of the Banking comittee of the Senate, said that a ”No” to Ben Bernanke for answer t would leave the economy in a sharp fall.

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