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Tuesday, April 16, 2024
Politics Washington

Federal Reserve Chairman Appointment "Weeks Away," White House says

By  Lynn Sweet
   
SHARE Federal Reserve Chairman Appointment "Weeks Away," White House says

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.

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