President Obama is expected to nominate Ben Bernanke to a second term as head of the Federal Reserve, a senior administration official told CNN Monday night.[caption id="attachment_1927" align="alignright" width="220" caption="Bernanke Gets A Second Term"][/caption]
The source asked not to be identified because the announcement had not yet been made.
Obama is expected to make the announcement on Tuesday morning at Martha's Vineyard, Mass., where he is vacationing.
Bernanke, a Republican who has played a central role in the government's... ( read more )
Posts Tagged with ‘obama’
November 5, 2008 - Obama’s Victory Takes the USD Further Up
With a relatively negative news day from United States, which saw US factory orders in September dropping more than three times what was expected, the USD recorded one of its biggest one day slides against the EUR experienced since that currency's launch. The USD witnessed similar behavior against the Pound and Swiss Franc. The USD did see bullishness as well, as it gained around 100 points against the JPY and closed at 99.60.
The recent unusual price movements have been in response to new market conditions stemming from the global financia... ( read more )