Tags: obama | bernanke | fed | change

Obama Hints It May Be Time for Bernanke to Go

Image: Obama Hints It May Be Time for Bernanke to Go

Tuesday, 18 Jun 2013 06:19 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
President Barack Obama hinted in an interview aired on Monday that he may be looking for a new chief of the U.S. Federal Reserve Bank, saying current Chairman Ben Bernanke has stayed a lot longer than he had originally planned.

Editor's Note: Controversial Book Outs Obama’s Uncharted Economy

Obama, speaking to Charlie Rose, host of a PBS interview program, compared Bernanke to longtime FBI Director Robert Mueller, who agreed to stay two years longer than he had planned and is to leave in the coming months.

"Well, I think Ben Bernanke's done an outstanding job. Ben Bernanke's a little bit like Bob Mueller, the head of the FBI - where he's already stayed a lot longer than he wanted or he was supposed to," Obama said.

Asked whether he would reappoint Bernanke if he wanted to keep the job, Obama did not answer directly.

"He has been an outstanding partner, along with the White House, in helping us recover much stronger than, for example, our European partners, from what could have been an economic crisis of epic proportions," Obama said.

Bernanke, who has tried to nurse along the ailing U.S. economy through the 2008 financial crisis, is widely expected to step down when his second term as chairman expires at the end of January.

Obama is said to be considering a number of monetary experts for the job, including Fed Vice Chair Janet Yellen, former Obama and Clinton aide Lawrence Summers, and former Treasury Secretary Timothy Geithner.

Editor's Note: Should ObamaCare Be Repealed? Vote in Urgent National Poll

An announcement could come as early as this fall, to give the Fed nominee time to get through Senate confirmation by the time Bernanke's term is up.

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Paul Ryan: Obama's Impeachment Talk Is 'Ridiculous Gambit'

Wednesday, 30 Jul 2014 22:32 PM

Rep. Paul Ryan says legislation to deal with the crisis of illegal migrant children is imminent – but broader reform unl . . .

Feds to Give Company $84M for Destroyed Gaza Power Plant

Wednesday, 30 Jul 2014 22:09 PM

A little-known federal agency that helps U.S. companies expand overseas is reportedly ready to fork over $84 million to  . . .

War College to Make Final Decision on Montana Democrat Sen. Walsh

Wednesday, 30 Jul 2014 21:21 PM

The U.S. Army War College will have the final say over whether any punishment is warranted in a plagiarism investigation . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved