A fourth senator has joined three other senators in placing a hold on the Fed Chairman's nomination. Louisiana Republican David Vitter will also move to keep the chairman's nomination from coming to the floor.

“Over the past year or so, the Fed has doled out several trillion dollars to any number of troubled institutions through a series of programs that were supposed to turn our economy around,” Vitter said in a statement. “These programs have worsened our economic crisis by making ‘too big to fail’ a permanent government policy and created further debt that will now be the burden of our children and grandchildren. His endorsement of these unsound fiscal policies gives me great pause.”