I don't even care about the reason. I'd just like to see him moving on. The only problem at that point is what Wall Street lapdog Obama might promote for the job. It's hard to see Obama having the good sense to find a good replacement. Will Congress stick with "the devil they know" or go for a clean break?
With the U.S. job market in disarray and voters angry at Wall Street, members of Congress facing mid-term elections in November have come down hard on the central bank and its leadership.
They say the Fed failed to prevent the worst financial crisis since the Great Depression, and combated the meltdown in a way that favored the financial sector at the expense of ordinary citizens.
Senators Barbara Boxer and Russ Feingold brought the total of known "no" votes among the Democratic majority to four, while many others have said they were still on the fence.
"Our next Federal Reserve chairman must represent a clean break from the failed policies of the past," Boxer said. "It is time for Main Street to have a champion at the Fed."
