For Immediate Release
Office of the Press Secretary
January 31, 2006

President's Statement on Senate Approval of Ben Bernanke as Next Federal Reserve Chairman

I am pleased that the Senate has voted to confirm Ben Bernanke to be the next Chairman of the Federal Reserve. Ben is a man of impeccable credentials, sound policy judgment, and strong character -- and he will make an outstanding Chairman. Ben has provided wise counsel and good advice as a member of my economic team, and he will serve our Nation with great distinction at the Federal Reserve.

America's economy is strong for a lot of reasons, and one reason is the excellent work done by the men and women of the Federal Reserve. Under the leadership of Chairman Ben Bernanke, the Federal Reserve will continue to help provide Americans with a high quality of living.

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