US President Barack Obama will likely name a successor to Federal Reserve Chairman Ben Bernanke in a few months, a senior White House official said Friday.
In response to a question about the much-buzzed about successor to Bernanke, whose second four-year term expires January 31, the official said tersely: "No decision made, no announcement imminent -- announcement likely not until the fall."
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And in late June, The Wall Street Journal reported the White House was reviewing possible successors to Bernanke and was quietly assembling a short list of candidates.
Even if he no longer helms the Fed, Bernanke likely would remain a member of the Board of Governors through January 31, 2020, when his term as a board member expires.
Bernanke, an economist and renowned expert on the Depression, was named to succeed Fed Chairman Alan Greenspan by Republican president George W. Bush.
He originally took office in February 2006 and was confirmed for a second term under the Obama administration.
Media speculation about Obama's choice has focused on the Fed Board's current vice chair, Janet Yellen.
But there has been recent buzz about Larry Summers, Obama's former economic adviser and a Treasury chief under the Bill Clinton administration.
Other names circulating are Timothy Geithner, who stepped down as Treasury secretary in February, and Donald Kohn, who served as vice chair of the Fed Board
from 2006 to 2010.
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