President Obama strongly suggested Monday that Federal Reserve Chairman Ben Bernanke will not be extending his stay as head of the U.S. central bank.
The president said in an interview with PBS's Charlie Rose that Bernanke has done an "outstanding job," but has "already stayed a lot longer than he wanted or he was supposed to."
The president's comments should fuel the widely held expectation that Bernanke will not be seeking a third term as Fed chairman when his term expires at the beginning of 2014.
Rose asked Obama if he would reappoint Bernanke if the economist wanted it, and the president largely avoided the question, referring instead to what Bernanke has already accomplished.
"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," he said, according to an interview transcript.
Bernanke himself has been mostly mum on the topic when asked, but has done little to dissuade the notion that he has had his fill of steering the nation's monetary policy
WASHINGTON (Reuters) - Janet Yellen, the Federal Reserve's powerful vice chair, is by far the most likely candidate to replace Ben Bernanke when his second term at the helm of the U.S. central bank ends early next year, according to a Reuters poll of economists.
The poll found that an overwhelming 40 of 44 economists said Yellen, the former president of the San Francisco Federal Reserve Bank, will take over for her boss in February 2014. Support for her nomination was strong but less decisive, with 23 of 38 economists backing Yellen's bid for the top job.
Yellen, a 66-year old economist who is seen as a monetary policy dove, has held the No. 2 spot at the central bank since 2010. She has been a forceful advocate of the aggressive steps taken under Bernanke to spur U.S. economic growth and boost employment.
"If President Obama nominates Janet Yellen, it would be a feather in his cap, as the first president to nominate a female Fed chairman," said Ellen Zentner, an economist at Nomura.
Bernanke has not said whether he wants a third term but has done nothing to dispel growing speculation he will step down.
Only three of the economists in the survey predicted Bernanke would stick around for another four years, while one predicted Fed Governor Jeremy Stein would get the job.
quote:of pumping a bunch of money into the stock market, creating an artificial recovery, and and causing high prices in everything from gas to milk.
The president said in an interview with PBS's Charlie Rose that Bernanke has done an "outstanding job,"
Your thread title makes it sound like Obama really has a choice on who will become the next Fed Chairman.