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Sen. Dodd Hopes to Confirm Bernanke by Christmas

Published: Tuesday, 10 Nov 2009 | 2:20 PM ET

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By: Reuters

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U.S. Senate Banking Committee Chairman Christopher Dodd hopes to confirm Federal Reserve Chairman Ben Bernanke for a second term as chairman by Christmas, a spokeswoman for the panel said on Tuesday.

Bernanke's term expires Jan. 31.

At a press conference on Tuesday to discuss his legislation overhauling financial market rules, Dodd said Bernanke was someone he had "great admiration for" and thinks "is doing a terrific job."

Asked after the press conference if he thought Bernanke would be confirmed by Christmas, Dodd said, "I think so." Hearings on the nomination are expected in early December.

Bernanke was nominated for the new term as Fed Chariman in August by President Obama. Bernanke must be confirmed by Dodd's committee before facing a full vote by the Senate.

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