Romney would replace Bernanke


Mitt Romney speaks during a campaign event at Watson Truck and Supply in Hobbs, New Mexico. Source: AFP

REPUBLICAN presidential candidate Mitt Romney said he would replace Federal Reserve chairman Ben Bernanke if he wins election to the White House in November.

Romney told Fox Business television that he wanted someone to lead the US central bank who is more in tune with his own economic thinking.

“I would like to select… a new person to that chairman’s position, someone who shared my economic views, someone that I thought was sympathetic to the needs of our nation,” Romney told the broadcaster in an interview.

“And I want to make sure that the Federal Reserve focuses on maintaining the monetary stability that leads to a strong dollar, and confidence that America is not going to go down the road that other nations have gone down to their peril.”  More…