Reuters -
President Barack Obama’s two nominees to the Federal Reserve appear likely to fall victim to a long-running political feud, which would leave the central bank short-handed as it struggles with tough regulatory and monetary policy questions.
Republican Senator David Vitter has demanded that the Senate hold a debate before any vote on the nominees, which would require Democratic leaders to muster a super majority to move forward – a hurdle that may be too high to clear.
Not being a strong leader Bernanke will have more difficulty navigating the stormy seas ahead.
Volcker had the fire to push back on the naysayers. Bernanke ain’t no Volcker.