U.S. Senator Richard Shelby (R-Ala.), ranking Republican on the Committee on Banking, Housing, and Urban Affairs, today at a hearing on President Obama's nomination of Ben Bernanke to remain Chairman of the Board of Governors of the Federal Reserve System, raised a number of questions regarding Bernanke's role at the Fed - as a Governor and Chairman, and with respect to monetary policy and bank supervision - prior to the recent financial crisis.
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