Press Release of U.S. Senator Barbara Boxer
|For Immediate Release: |
January 22, 2010
Washington D.C. Office (202) 224-3553
Boxer Statement on the Nomination of Fed Chairman Ben Bernanke
Washington, DC – U.S. Senator Barbara Boxer (D-CA) made the following statement today expressing her opposition to a second term for Federal Reserve Chairman Ben Bernanke:
“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.”