Durbin Statement on the Bernanke Nomination

[WASHINGTON, D.C.] – Assistant Senate Majority Leader Dick Durbin (D-IL) released the following statement today on the nomination of Ben Bernanke to serve a second term as Chairman of the Federal Reserve.
“I will vote to confirm Ben Bernanke to continue to serve as Chairman of the Federal Reserve.”
“I saw Ben Bernanke under fire, facing our nation’s most serious economic crisis since the Great Depression. We need his steady hand as we build our economy and create new jobs across America.”
“But as I meet with Chairman Bernanke before the vote, I will continue to demand that the Federal Reserve make a commitment to transparency and accountability in its policies. And I will make it clear that if the Federal Reserve refuses to exercise its authority to demand bank reform and protect America’s consumers, I will join with members of Congress to push for new laws that achieve those goals.”

Durbin plans to meet with Bernanke this week, in advance of a Senate vote to confirm his nomination.