Sen. Jim Bunning

POINT OF VIEW: Our Better-Than-Nothing Fed

By NEAL LIPSCHUTZ
A DOW JONES NEWSWIRES COLUMN

NEW YORK — Summarizing the extremes of the Senate Banking Committee hearing today on the renomination of Ben Bernanke to lead the Federal Reserve will take two quotes.

We’ll start with Sen. Jim Bunning (R., Ky.), the only member of the upper chamber to vote against Bernanke the first time around and a time-tested antagonist of the U.S. central bank.

“In short, you are the definition of moral hazard,” he said.

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