Chicago Sun-Times
The scoop from Washington

Durbin meets with Bernanke; will back confirmation with reservations

| No Comments

Below, release from Durbin....

Assistant Senate Majority Leader Dick Durbin (D-IL) today met with Federal Reserve Chairman Ben Bernanke to discuss Federal Reserve policy and Bernanke's upcoming confirmation vote, which is expected to take place this week. He then discussed the meeting with assembled press.

Over the weekend, Durbin announced that he will support Bernanke's nomination to a second term as Chairman of the Federal Reserve, but expressed concern about a lack of transparency and accountability in current Fed policies. Durbin also announced that if the Fed refuses to exercise its authority to demand meaningful bank reforms, he would join with other Members of Congress to push for new laws to achieve those goals.

Leave a comment

Get the Sweet widget

More widgets

Video

Lynn Sweet

Lynn Sweet is a columnist and the Washington Bureau Chief for the Chicago Sun-Times.

Stay in touch

About this Entry

This page contains a single entry by Lynn Sweet published on January 25, 2010 7:03 PM.

Obama, First Lady Michelle, to vote in Illinois Feb. 2 primary via absentee ballot was the previous entry in this blog.

Obama to propose a freeze in non-security discretionary spending in 2011, 2012, 2013. is the next entry in this blog.

Find recent content on the main index or look in the archives to find all content.