Politics & Government

August 25, 2009

By sticking with Bernanke, Obama signals continuity

President Barack Obama's reappointment of Federal Reserve Chairman Ben Bernanke Tuesday sent a reassuring message of continuity to financial markets and signaled to foreign lenders that the Obama administration won't tolerate a return to high inflation. That should be reassuring to nations such as China and Japan that've loaned the U.S. a lot of money.

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