UPDATE 1-Obama to renominate Bernanke as Fed chief

Newswire

* Obama to praise Bernanke for courage and creativity * Bernanke must still be confirmed by U.S. Senate * Fed must unwind emergency measures * News has no significant market impact By Ross Colvin and Patricia Zengerle OAK BLUFFS, Mass., Aug 25 (Reuters) - U.S. President Barack Obama will nominate Ben Bernanke to a second term as chairman of the Federal Reserve on Tuesday, seeking to keep him in place to steer the world's largest economy out of its deepest downturn since the Great ...

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