Ben Bernanke, who has been nominated to be the next Federal Reserve chairman, stands for a continuation of U.S. monetary policy, German Finance Minister Hans Eichel said Tuesday. "The nomination of Ben Bernanke as new chairman of the U.S. central bank promises a continuation of the U.S. monetary policy and in particular a continuation of the monetary policy still being pursued so successfully by Alan Greenspan that is orientated toward stability and growth," Eichel said in a statement. "The expected continuation of the current U.S. monetary policy creates confidence in the financial markets and stabilizes expectations of future interest rates and foreign exchange rate changes." Eichel stressed that Bernanke has gained recognition from financial markets in his previous role as a Fed governor as well as in his current role as chairman of U.S. President George W. Bush's Council of Economic Advisers. Bush Monday nominated Bernanke to succeed Greenspan, who is stepping down as Fed chairman at the end of January.