no danger of deflation for the next four years

Welcome To The 300 Club HUB On AGORACOM

We may not make much money, but we sure have a lot of fun!

Reply New Message

Prev Message Back To Forum Threaded View Next Message

aitakahashi

Rank: President [?]

Points: 19858 [?]

Votes: 154 Score: 4.1 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

no danger of deflation for the next four years

posted on Aug 25, 2009 12:09AM

second verse, same as the first:

Bernanke to Be Nominated for Second Fed Term by Obama

Aug. 24 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke, who led the biggest expansion of the central bank’s power in its 95-year history to battle the worst economic slump since the 1930s, will be nominated to a second term by President Barack Obama, said David Axelrod, Obama’s senior adviser.

Obama will make the announcement tomorrow on Martha’s Vineyard, Massachusetts, where he is vacationing with his family, and Bernanke is expected to join him, Axelrod said. The nomination requires Senate approval. Bernanke’s four-year term as chairman expires Jan. 31.