Emanuel Says Obama Has ‘100% Confidence’ in Fed Chief Bernanke

President Barack Obama fully backs Federal Reserve Chairman Ben S. Bernanke, who has come under scrutiny for his role helping engineer Bank of America Corp.’s purchase of Merrill Lynch & Co., a top White House aide said.
“The president has 100 percent confidence” in the U.S. Fed chief, White House Chief of Staff Rahm Emanuel said in an interview on Bloomberg Television’s “Political Capital with Al Hunt,” airing this weekend.

Read more...