US Fed chief deserves another term

The election of Ben Bernanke to a second term as chairman of the US Federal Reserve is hanging in the balance. Democratic and Republican senators alike have refused to give him their backing on account of his behaviour during the financial crisis. The daily Polska defends the top custodian of the US currency: "Ben Bernanke ... has done more than anyone else to ensure that the financial crisis didn't take the same turn as it did in the 1930s. His critics are playing a political game in an affair that is beyond their area of authority: how to conduct financial policy and stabilise the world's biggest economy to prevent the financial crisis from doing further damage. ... Bernanke used economical methods to counter the crisis, with the monetary powers endowed on his office and with an excellent understanding of history. That was enough."

» more information (external link, Polish)
More from the press review on the subject » International Relations, » Fiscal Policy, » United Kingdom, » Poland, » U.S.

» To the complete press review of Tuesday, January 26, 2010