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FBN’s Peter Barnes with Mitt Romney’s take on Ben Bernanke, saying he would not re-appoint the Federal Reserve chairman for a third term.
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An exclusive any -- -- Fox Business Republican presidential candidate Mitt Romney said if elected.
He would nominate a new chairman of the Federal Reserve and it's certainly not all he sent.
-- -- -- -- -- -- Twenty minutes ago an update it was a far ranging -- -- -- I'm very interest thing in -- That's right Daschle you wanted to clear up this question about Ben Bernanke and his future not the Ben Bernanke's looking for a third term.
But the governor Romney had indicated he would not want to reappoint.
Chair chairman Bernanke as you know -- there is precedent for.
Multiple terms -- for a Fed Chairman with Alan Greenspan former Fed Chairman Alan Greenspan.
But governor Romney's economic advisor.
Glenn Hubbard at -- -- university had urged him to reconsider.
Probably said net.
-- -- -- So you've indicated he would not reappoint him -- to another term when his current term expires in our early -- fourteen but one of -- Top economic advisors Glenn Hubbard.
Is suggesting.
To you that you do reappoint him for a third term would you consider that.
Well I always listen to people who have counsel and advice but my view has been that I would want to select someone.
Who it was a -- member.
Should be a new person that chairman.
Chairman's position someone who shared by economic views that.
-- thought was sympathetic to the needs of our of our nation.
And I wanna make sure that the that the Federal Reserve focuses on maintaining.
The monetary stability that leads to a strong dollar.
And confidence that America is not gonna go down the road that other nations that have gone down to their apparel.
Yesterday we heard from the Fed that it is in fact considering an additional stimulus moves additional.
Monetary policy easing perhaps as early as its meeting.
Next month of would you support that.
You know I don't think QE2 was terribly effective I think -- QE3 another another.
Federal fed stimulus is -- there's not gonna help this economy I think that's the wrong way to go I think it also seeds.
They -- that kind of potential for for inflation down the road.
That would be harmful to the value of the dollar and the and I think harmful to the stability that that our nation needs.
So I asked him well you know war who might you appoint Martin Glenn Hubbard has been net.
Named in some quarters as about possible replacement for.
Bernanke and he said well I haven't really are considered -- having given it any thought -- deliberation at this point.
But he did say that that Hubbard is they wonderfully economic advisor in the went out of his way to also praised Greg -- Q another one of -- advisors from you -- economists from Harvard University actually in the he well he welcomes the advice but.
-- gonna take you have apparently in this case a political response yet to decide to tax --
