Helicopter Ben’s back in business, surviving a 70-30 confirmation vote in the US Senate, lowest total for a Fed Chairman since 1978, when Senate approval was first required.
It’s rewarding failure, of course, as Ben totally missed the housing bubble, but that’s pretty much the only accountability allowed in Washington these days.
Gorilla says: “Now if Ben would at last go 70-30 on unemployment v. inflation, the Fed might honor at last the dual mandate!”
Tags: Ben Bernanke, Fed