The US FED chief has been at the midst of the global crisis last year and he received flak from across the political and business leaders when he decided to take the unprecedented step of crashing the interest rate to near zero and pumping in over a trillion dollar of new funds into the banking system.
But nearly a year after the global crisis, the steps taken by US FED chief is being recognized as good ones and now both the leading parties of the US are ready to support an extension of the US FED chief Ben Bernanke.
He still has lot of unfinished job as he has to work on ensuring economic recovery without being hit by inflation. He has to do that only by reducing the jobless rate which is ruling at a multi decade high level.