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Praising his “temperament, his courage, and his creativity,” President Obama today announced he is reappointing Ben S. Bernanke as chairman of the Federal Reserve Board.

Bernanke, whose term expires in January and was appointed by President Bush, led the government’s efforts to deal with a recession that many economists said was the worst downturn since the Great Depression. Although he is a Republican, he has taken a more activist role than some had expected, including rescuing the insurance giant AIG and helping devise a program to have the government buy assets of troubled financial institutions.

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