Washington, DC—Senate Majority Leader Harry Reid made the following statement today after President Barack Obama announced his decision to re-nominate Ben Bernanke as the Chairman of the Federal Reserve:
"Chairman Bernanke has played an important role in our nation’s economic recovery efforts. His expertise and leadership as Federal Reserve Chairman have been crucial as our nation has endured this financial crisis. His re-nomination will bring continuity to the Federal Reserve that will send the right signal to the marketplace. I support President Obama’s decision to re-nominate Chairman Bernanke and expect the Senate to re-confirm him."