Inhofe Against Bernake, Coburn Yet to Announce

The Senate may vote later this week on whether to give Federal Reserve Board Chairman Ben Bernake another term. U.S. Sen. Jim Inhofe, R-Tulsa, plans to vote against him. Jared Young, Inhofe’s press secretary, said the senator sees Bernake as one of the architects of the 2008 bail-out of Wall Street. Inhofe voted against that bail-out and considers it one of the worst mistakes Congress has ever made.
Sen. Tom Coburn, R-Muskogee, voted for the bail-out but has not announced how he will vote on Bernake. Coburn is expected to meet with Bernake this week and announce a decision after that personal talk.