FOR IMMEDIATE RELEASE
Bernanke Nomination: Independent Community Bankers of America Statement
Washington, D.C. (October 24, 2005)- Camden R. Fine, the president and CEO of the Independent Community Bankers of America (ICBA), issued the following statement today on President Bush's nomination of Ben Bernanke, chairman of the Council of Economic Advisors (CEA), to be the next chairman of the Federal Reserve Board.
"ICBA congratulates Dr. Ben Bernanke on his nomination as Federal Reserve chairman. In addition to his outstanding academic credentials, Dr. Bernanke's past service as a Governor on the Federal Reserve Board and his current service as chairman of the CEA gives Dr. Bernanke a solid understanding of how our nation's economy and its financial institutions function. We wish him well as the nomination process moves forward."