
President Barack Obama announced his intention to reappoint Ben Bernanke as chairman of the Federal Reserve on Tuesday as the White House warned of a sharp deterioration in the US fiscal outlook.
By Sarah O’Connor, Edward Luce, and Krishna Guha in Washington
Published: August 25 2009 19:37 | Last updated: August 26 2009 01:47

President Barack Obama announced his intention to reappoint Ben Bernanke as chairman of the Federal Reserve on Tuesday as the White House warned of a sharp deterioration in the US fiscal outlook.