Bernanke Closer to Helming Fed
Wednesday, November 16, 2005
The U.S. Senate Banking Committee on Wednesday approved the nomination of Ben Bernanke to be the next chairman of the Federal Reserve, sending it to the full Senate for a final confirming vote.
The panel backed Bernanke, chairman of the White House Council of Economic Advisers, on a voice vote, with just one committee member in opposition.
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