Praising his "temperament, his courage, and his creativity,"President Obama today announced he is reappointing Ben S. Bernankeas chairman of the Federal Reserve Board.

Bernanke, whose term expires in January and was appointed byPresident Bush, led the government's efforts to deal with arecession that many economists said was the worst downturn sincethe Great Depression. Although he is a Republican, he has taken amore activist role than some had expected, including rescuing theinsurance giant AIG and helping devise a program to have thegovernment buy assets of troubled financial institutions.

Bernanke is a former professor of economics at PrincetonUniversity whose scholarly expertise is the Great Depression.Before being named Fed chairman, he was a member of the Fed Boardand was chairman of the Council of Economic

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