McConnell Statement On The Reappointment Of Federal Reserve Chairman Ben Bernanke

Statement

McConnell Statement On The Reappointment Of Federal Reserve Chairman Ben Bernanke

U.S. Senate Republican Leader Mitch McConnell made the following statement Tuesday regarding the administration's decision to reappoint Federal Reserve Chairman Ben Bernanke:

"It is my hope that today's decision to reappoint Federal Reserve Chairman Ben Bernanke allows this administration to focus on the serious economic troubles that face our country. As we were reminded again today, and as Chairman Bernanke has testified recently, America's debt is ballooning out of control and without immediate efforts to correct it over the long-term, our economy risks having neither financial stability nor durable economic growth. In addition, Chairman Bernanke's confirmation hearing will be an opportunity for the Chairman to provide greater transparency on the actions the Fed has taken, and greater insight into the cumulative impact the administration's trillions in new spending, borrowing, and debt will have on the American taxpayer."

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