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“Chairman Bernanke was in charge when we hit the iceberg,” McCain told CBS program “Face the Nation.”

But analysts have warned that tossing out Bernanke could trigger renewed turmoil in financial markets.

Senator John McCain, Obama’s Republican rival in the 2008 presidential race, said he was “leaning against” supporting Bernanke, claiming that “his policies were partially responsible for the meltdown that we experienced.”

Two senior Senate Democrats, Barbara Boxer and Russell Feingold, announced Friday they would vote against Bernanke after his first term ends on January 31. All told, as many as 10 senators are thought to oppose Bernanke,mbt shoes chapa, criticizing him for being too closely allied with Wall Street.

Time magazine named Bernanke its 2009 “Person of the Year” in December, crediting him with helping guide the United States through financial turmoil.

The White House aide voiced praise of Bernanke’s stewardship of US monetary policy and said he needs another term as the country’s banker to ensure that a nascent economic recovery continues on track.

“Chairman Bernanke offered very strong and steady leadership during this crisis,Discount North Face Shoes, without which we… may have slipped into the abyss. And we are still in a fragile state, although the economy is growing,Mens North Face Down Vest,” Axelrod told CNN’s “State of the Union” television program.

“There is a great deal of concern relative to the financial sector. And understand that we need his leadership,” Axelrod said.

Obama 'confident' of repeat Fed term for Bernanke