(CNN) – Despite word from the White House that "nobody is looking to make any news" this week, President Obama on Tuesday took a break from vacationing to announce his plans to nominate Ben Bernanke to a second term as head of the Federal Reserve.
"The man next to me, Ben Bernanke, has led the Fed through one of the worst financial crises that this nation and the world has ever faced," Obama said from Martha's Vineyard, a Massachusetts Island.
Obama made the announcement at Oak Bluffs Elementary School. A few dozen onlookers gathered outside the school to wave to the presidential motorcade as it arrived.
The president opened his remarks with an apology to reporters for "interrupting the relaxing I told you all to do."