The Bernanke Nomination – WSJ.com

The White House said yesterday it has damped down a political revolt against Ben Bernanke and now has the votes to secure the Federal Reserve Chairman’s second four-year term. Whether or not Mr. Bernanke is confirmed, the lesson we draw is that overly political central bankers will eventually be undone by politics. There’s no doubt […]

Harry situation: Inside the Reid eruption – POLITICO.com

Harry Reid isn’t talkative. But the Senate majority leader chatted freely with the two disarmingly charming book authors who came to his office at the Capitol shortly after the 2008 election. They — and their tape recorder — were soaking in his reminiscences about the wild campaign that had turned a backbencher in his caucus […]