I am delighted that President Obama has decided to reappoint Ben Bernanke as chairman of the Federal Reserve. While there is certainly room for reasonable people to question some of the specific decisions Ben has made, in general he has led the Federal Reserve System with humility, intelligence, wisdom, and grace.
I extend my congratulations to the President for a fine decision and my condolences to Ben for having to spend the next four years overworked and underpaid.
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