Iowa’s US Senators: a “no” and an “undecided” on fed chair

Federal Reserve Chairman Ben Bernanke’s nomination for a second term as chairman will be considered by the U.S. Senate this week (his current term expires this weekend).  There’s been some discussion as to whether he might not be confirmed by the Senate. 

U.S. Senator Tom Harkin (D-Cummings, Iowa) is “opposed” to Bernanke’s nomination according to a Harkin spokewoman.

“I’ve had it with being told that some bank is too big to fail and I’ve had it with being told that someone, some person is so important that we have to have that person in this position.  That’s nonsense,” Harkin says.  “No one’s irreplaceable.  No one’s indispensible around here.  There are plenty of qualified people to take over The Fed besides Mr. Bernanke.”

Iowa’s other U.S. Senator Chuck Grassley (R-New Hartford, Iowa) says he’s undecided as to whether he’ll vote to confirm Bernanke to another term as chairman of the Federal Reserve.