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News Link • Federal Reserve

Geithner To Replace Bernanke as Fed Chairman?

•, by P.Au.L
 Bloomberg reports:
Another important position in Washington that stands to be filled early in Obama’s second term -- but isn’t getting a whole lot of attention at the moment -- is the one currently held by Ben Bernanke, the chairman of the Federal Reserve. Bernanke’s second, probably final, four-year term ends on Jan. 31, 2014. Obama will have to make the nomination of a new Fed chairman a high priority soon after his Cabinet is assembled.

The usual list of highly qualified candidates to replace Bernanke -- including Lawrence Summers, the former Treasury secretary and Harvard University president; Janet Yellen, a current vice chairman of the Fed; and Alan Krueger, the precocious chairman of the White House Council of Economic Advisers -- misses the person who probably wants it the most and continues to have Obama’s ear on a regular basis: Geithner.

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