Senate panel gives Bernanke go ahead as Fed chair

The U.S. Senate Banking Committee on Wednesday 16 November approved the nomination of Ben Bernanke to be chairman of the Federal Reserve, sending it to the full Senate for a final confirming vote.

The panel backed Bernanke, chairman of the White House Council of Economic Advisers, on a voice vote. The nomination now faces a vote in the full Senate, which must grant its approval for Bernanke to take over as chairman after Alan Greenspan departs the Fed on Jan. 31.

He is widely expected to be con