WASHINGTON (CNNMoney.com) -- President Obama announced Tuesday that he plans to nominate Ben Bernanke to a second term as head of the Federal Reserve.
"Ben Bernanke, has led the Fed through the one of the worst financial crises that this nation and this world have ever faced," Obama said from Martha's Vineyard, Mass., as Bernanke stood by his side. "As an expert on the causes of the Great Depression, I'm sure Ben never imagined that he would be part of a team responsible for preventing another."
