Sanders: Next fed chief should focus on middle class - WCAX.COM Local Vermont News, Weather and Sports-

Sanders: Next fed chief should focus on middle class

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Sen. Bernie Sanders Sen. Bernie Sanders
WASHINGTON -

President Obama is beginning the search for a new chairman of the Federal Reserve and Vermont Congressman Bernie Sanders has some suggestions.

The term of current fed chief Ben Bernanke expires early next year. President Obama said over the weekend he wants the next chairman to be someone who takes ordinary people into account when setting monetary policy.

Sanders, who has had many heated showdowns with Bernanke during congressional hearings, also favors a new approach. He said the central bank needs a chairman who will "put the needs of the disappearing middle class ahead of the interests of Wall Street and the wealthy."

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