Saying that Ben Bernanke is too tied to the roots of the current financial crisis and too beholden the institutions that helped cause it, Sen. Bernie Sanders put a hold on the nomination process for a second term for the Federal Reserve chief. The Vermont independent’s move—not much of a surprise given his earlier opposition—could force Bernanke supporters to round up 60 votes to bring the nomination to the floor, rather than bring it to a vote via unanimous consent.
“The American people want a new direction on Wall Street and at the Fed,” Sanders said in a statement of Bernanke, nominated by President George W. Bush and re-nominated by President Obama. “It’s time for him to go.”
(More Ben Bernanke stories.)