Washington, DC – U.S. Senator Dianne Feinstein (D-Calif.) today issued the following statement about the pending reconfirmation of Ben Bernanke:
"I believe it would be a mistake not to reconfirm Ben Bernanke as Chairman of the Federal Reserve. To blame one man for the financial implosion is simply wrong. It is up to the government to change the law, and I believe the Volcker Rules - all of them - should be moved through Congress promptly.
Prudent regulation of the financial sector, combined with expanded authority for the Fed, the Commodity Futures Trading Commission and the Securities Exchange Commission, is vital.
Ben Bernanke has been helpful to the recovery and, for reasons of stability and continuity, should be reconfirmed. I support him fully."