Reuters: Obama to reappoint Bernanke as Fed Chair

OAK BLUFFS, Massachusetts (Reuters) - U.S. President Barack Obama will nominate Ben Bernanke to a second term as chairman of the Federal Reserve on Tuesday as the economy shows signs of recovery, a senior administration official said on Monday.

Bernanke, whose appointment as head of the U.S. central bank must be confirmed by the Senate, has led the Fed and the U.S. economy through its most tumultuous period since the Great Depression of the 1930s. Obama's Democrats control the Senate.

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Give the president credit for understanding the importance of removing any uncertainty about the outcome of his decision.  I believe it was the right decision.