The Fed: Obama's Good Choice
Olaf Gersemann, Die Welt (in German) | August 27, 2009
The US President's decision, to nominate Ben Bernanke for another term as head of the Federal Reserve Bank was right. ++ Bernanke remains the most qualified for the position, as the Princeton Professor is an expert in theory and praxis. ++ Although, Bernanke's decision to let the Lehman Brothers crash proved to be a serious mistake, he accurately reacted in the immediate aftermath. ++ If there are currently signs of economic recovery, it is mainly due to the Bernanke-Fed's unorthodox measures.
