U.S. Chamber Welcomes Reappointment of Fed Chairman

Says Bernanke Will Be Vigilant in Keeping Inflation in Check

WASHINGTON, D.C.—U.S. Chamber Senior Vice President and Chief Economist Dr. Martin Regalia issued the following statement on President Obama's intention to nominate Federal Reserve Chairman Ben Bernanke for a second term:

"This decision sends a strong signal to Wall Street and the international financial community that we're not changing horses in mid stream during our economic recovery. Chairman Bernanke has led the Federal Reserve with intelligence and wisdom, and will be a reliable guide as our economy recovers and new challenges emerge.

"Over the next year and a half, as the economy stabilizes, we believe Bernanke will be vigilant in responding to our federal deficit, keeping inflation in check, and unwinding the Fed's unprecedented expansion of its balance sheet."

The U.S. Chamber is the world's largest business federation representing more than 3 million businesses and organizations of every size, sector, and region.

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