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Obama May Consider Summers as Bernanke Successor

Posted By admin On November 22, 2008 @ 4:03 am In U.S. News | Comments Disabled

Reuters [1]
Saturday, Nov 22, 2008

U.S. President-elect Barack Obama may consider Lawrence Summers as a successor to Federal Reserve Chairman Ben Bernanke, whose term expires in January 2010, a Democratic source told Reuters on Friday.

The New York Times reported that Summers, a former treasury secretary, is likely to be named as an economic adviser to Obama with the expectation that he will eventually be tapped for the Federal Reserve Board.

Citing two sources familiar with the Obama transition, the newspaper also said Summers could perhaps succeed Bernanke.

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URL to article: http://www.prisonplanet.com/obama-may-consider-summers-as-bernanke-successor.html

URLs in this post:

[1] Reuters: http://www.cnbc.com/id/27846482

[2] Obama defends Larry Summers against charges he is unfit to be Fed chairman: http://www.prisonplanet.com/obama-defends-larry-summers-against-charges-he-is-unfit-to-be-fed-chairman.html

[3] Obama Rejects ‘Car Czar’; Geithner, Summers Head Team: http://www.prisonplanet.com/obama-rejects-%e2%80%98car-czar%e2%80%99-geithner-summers-head-team.html

[4] Congressional Oversight Panel Versus Summers, Bernanke and Geithner: http://www.prisonplanet.com/congressional-oversight-panel-versus-summers-bernanke-and-geithner.html

[5] The Geithner-Summers-Bernanke Plan to Prop Up Asset Prices Has Failed: http://www.prisonplanet.com/the-geithner-summers-bernanke-plan-to-prop-up-asset-prices-has-failed.html

[6] BERNANKE: You Can’t Fire Me — I’m Going To Quit In 2014: http://www.prisonplanet.com/bernanke-you-cant-fire-me-%e2%80%94-im-going-to-quit-in-2014.html

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