Obama to renominate Bernanke as Fed chief - By Ross Colvin and Patricia Zengerle - ... "Ben approached a financial system on the verge of collapse with calm and wisdom; with bold action and outside-the-box thinking that has helped put the brakes on our economic freefall," Obama will say. ... - Reuters

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Obama to Nominate Bernanke to 2nd Term at Fed - By EDMUND L. ANDREWS - ... White House officials said that Mr. Obama had effectively decided four or five weeks ago that he wanted Mr. Bernanke to continue, and that he formally discussed the job with him last week at a meeting with the Fed chairman in the White House. ... - NY Times

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President Makes Safe Choice at Fed - By JONATHAN WEISMAN -  President Barack Obama, facing a raft of political fights and growing challenges abroad, made the politically easy choice when he decided Federal Reserve Chairman Ben S. Bernanke should serve another term - more thoughts at Wall Street Journal Politics

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Bernanke! - David Kotok - Markets will like the removal of uncertainty now that President Obama has committed to Fed Chairman Bernanke’s reappointment.  Confirmation by the US Senate is expected without much difficulty. History shows that uncertainty is the enemy of markets.  Much speculation about Bernanke and a possible Summers succession has swirled in market analysis circles.  That is over.  Bernanke’s reappointment makes Fed policy a little more predictable ... - Cumberland Advisors