Bernanke defends bailouts – and himself
The Fed chairman, who is all over the TV news shows this week, may be angling for reappointment in January.
In March, Federal Reserve Chairman Ben Bernanke appeared on CBS’s 60 Minutes. On Monday, he did a town hall with Jim Lehrer of the NewsHour. What’s next? Oprah? Hardball with Chris Matthews? Three minutes with the Today Show’s Al Roker?
Maybe it wouldn’t be a surprise if he did all of them. Mr. Bernanke’s term as chairman of the Federal Reserve expires at the end of January – and it may not be too soon to remind President Obama about who kept the economy out of another Great Depression. And some economists say such appearances might help the Fed chairman’s reputation after a particularly bruising session last week with Congress.