Bernanke predicted to get much support from members of the Senate
Fed Chairman Ben S. Bernanke's got a lot of calls from U.S. senators about the vote of support for him ahead of the Fed's new leader. Senate Leaders also pledged to vote on the voting date Bernanke's 28 or 29 January.
"He has the voice to be confirmed," said Senator Judd Gregg, Republican of New Hampshire, told reporters in Washington. "He was the right man for the job."
Senator Amy Klobuchar, a Minnesota Democrat, said he spoke with Bernanke today and will vote yes. Tennessee Republican Bob Corker, who has long supported Bernanke, also spoke with the head of the Fed and said he would return choose Ben. Bernanke predicted that 60% will be selected.
Forty-nine senators said they would choose 56-year-old man that, while there are 20 other Senate members who oppose it. Its composition is 13-13 for the Republican party, and 35-6 for the Democratic party.
Yesterday, Senate Majority Whip Richard Durbin, a Democrat from Illinois, said some Democrats who will vote against Bernanke's support to end debate Ben.
Voice came from Buffett. Warren Buffett, the billionaire chairman of Omaha, Nebraska told Senator Ben Nelson, a Democrat, last week that Bernanke "has done a good job and should be maintained," said Nelson told reporters today. "In overall I feel that he has done an adequate job for reelection" Nelson said.
Bernanke's confirmation controversy "really exploded out of proportion," said Bill Gross, who manages the world's largest mutual fund. "This country needs decent and Ben Bernanke."
Bernanke and the Fed will conduct regular meetings of interest at 2 this afternoon American time, and will release a statement on monetary policy decision tomorrow afternoon.
Traders on Intrade, online futures trading, putting the number 95% for Bernanke.
From Europe, Greece flirting China to buy as much as 25 billion euros ($ 35 billion) of government bonds, the Financial Times newspaper said.
Greece tried to raise funds from global investors to reduce the budget deficit is almost 13 percent of gross domestic product, the biggest deficiency in the European Union. Greek government has sold 8 billion euros of five-year bonds with a coupon of 6.1 percent yesterday.
Source:
Bloomberg.com
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