Obama Reappoints Bernanke as Fed Chief

President Barack Obama nominated Ben Bernanke for another term at the helm of the Federal Reserve, hailing the central bank chief's "calm and wisdom" in the face of the economic meltdown.

The president's move ends the guessing game over who will lead the Fed as it begins to unwind emergency measures taken to confront the crisis.

Mr. Obama, who formally announced his decision Tuesday in Oak Bluffs, Mass., where he is vacationing with his family, vowed to maintain a "strong and independent" central bank and warned that the U.S. economy is still a "long way away" from having a healthy financial system and full economic recovery.

Read the complete article at: http://online.wsj.com/article/SB125120274221856591.html