WASHINGTON–President Barack Obama will not be appointing a new Federal Reserve Chairman until the fall, White House Senior Advisor Dan Pfeiffer said Wednesday morning. “You have weeks until you have to worry about this,” Pfeiffer said at a reporters’ breakfast hosted by the Christian Science Monitor.
Obama will be replacing Fed chief Ben Bernanke, with speculation centering on Fed Vice Chair Janet Yellin and Larry Summers, a former Obama economic advisor.