US Federal Reserve chairman Ben Bernanke will be nominated for a second term by Barack Obama later today.
The move was welcomed by analysts who said it would provide stability at a critical time for the economy, ending any lingering concerns about who will lead America's central bank, The Guardian reports. Obama will interrupt his holiday in Martha's Vineyard, Massachusetts, to make the announcement with Bernanke at his side at 9am local time (2pm BST). Full story...
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