Bernanke Gone As Fed Chairman In A Romney Presidency

Colleen McCain Nelson with The Wall Street Journal is reporting that Mitt Romney is planning on replacing Federal Reserve Chairman Ben Bernanke if he is elected President of the United States in November.

Nelson reports: "Mitt Romney said Thursday that he would replace Federal Reserve Chairman Ben Bernanke, dismissing the advice of a top adviser who suggested this week that the chairman should be considered for a third term."

"The presumptive Republican nominee told the Fox Business Network that as president, he would want to install someone new in the Federal Reserve post. Mr. Bernanke’s term ends in January 2014." "In the interview, Mr. Romney offered few specifics about his plans going forward to address the fiscal cliff and to implement tax reform. The president should work with Congress and 'make sure we do not have a cliff,' Mr. Romney said of the automatic tax increases and spending cuts set to take effect at the end of the year." Read the Rest of the Story