Ben Bernanke’s nomination to serve a second term as chairman of the Federal Reserve appears to be in peril. Bernanke is up for a second term at the Fed; his current term expires in 10 days on Jan. 31. A handful of Senators had previously threatened to filibuster the nomination, but this week the number of opposing lawmakers appeared to grow, further dimming his prospects for installment.
I don’t know enough to say what kind of a job Bernanke has done. But there’s no doubt that twenty years and numerous hagiographies of Greenspan ended in disaster.