Bernanke Nomination on Hold

I just received the following message from a Congressional source:

Bunning, Sanders, and DeMint have holds on Bernanke, and Bernanke made some interesting comments on fiscal policy. DeMint tweeted that he will hold the nomination until there’s a vote to audit the Fed.

In non-hearing news, Chairman Frank says that he doesn’t think the Fed audit provision will change on the floor, which means it is likely to pass the full House next week.

DeMint tweets: “I will oppose Bernanke and hold his nomination until we get a vote to audit the Fed.”

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  • Mish Shedlock has a great post on this today: Take a look at the Sen Jim Burning calling Ben B a "moral hazard"abitare