Skip to main content

Newsroom

June 28, 2013

White House Makes Shortlist for Bernanke's Job

The Obama administration is assembling a shortlist of candidates to lead the Federal Reserve, in the expectation that chairman Ben Bernanke won’t seek reappointment when his second term at the central bank ends in January, according to people familiar with the matter.

The search is in the early stages and there is no front-runner, according to these people, who wouldn’t divulge any names on the shortlist. A selection might not be announced until early fall, they said. Treasury Secretary Jacob Lew is putting together the list, working with senior White House officials.

President Barack Obama could try to persuade Mr. Bernanke to serve a third four-year term. But many of Mr. Bernanke’s friends and associates say he wants to step down, after nearly eight years overseeing the central bank’s response to the most serious economic downturn since the Great Depression.

Mr. Bernanke has left his mark on the U.S. economy with a wave of easy-money policies in response to the 2008 financial crisis, recession and sluggish recovery that followed.”

***

Read full Wall Street Journal article here

In the News
Share

MEDIA REQUESTS

For media inquiries, please contact us at
press@bettermarkets.org or 202-618-6433.

Contact Us

For media inquiries, please contact press@bettermarkets.org or 202-618-6433.

To sign up for our email newsletter, please visit this page.

Name(Required)
This field is for validation purposes and should be left unchanged.

Sign Up — Stay Informed With Our Monthly Newsletter

This field is for validation purposes and should be left unchanged.

For media inquiries,

please contact press@bettermarkets.org or 202-618-6433.

Donate

Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.

Donate Today