Boxer on Bernanke: A New Main Street Champion is Needed to Helm The Fed

by mkeeffer

Below is CA Senator Barbara Boxer’s statement regarding Bernanke’s job as Fed Chairman.  As you probably know, he’s up for another term.

Boxer signals that she’s not going to approve more of the ‘same old’ stuff.

A bold move – and I’m guessing we’ll see more of this from Barbara as she looks to find the right people to give the U.S. an economic restart.

I’ll bet Paul Volker approves of this.  More on Boxer’s site.

“I have a lot of respect for Federal Reserve Chairman Ben Bernanke. When the financial crisis hit in late 2008, he took some important steps to prevent what many economists believe could have been an even greater economic catastrophe.

“However, it is time for a change – it is time for Main Street to have a champion at the Fed. Dr. Bernanke played a lead role in crafting the Bush administration’s economic policies, which led to the current economic crisis. Our next Federal Reserve Chairman must represent a clean break from the failed policies of the past.”