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Obama talks Fed choices with lawmakers
Marketwatch ^ | July 31, 2013, 3:17 p.m. EDT | Greg Robb, MarketWatch

Posted on 07/31/2013 6:56:31 PM PDT by Ernest_at_the_Beach

Former Fed vice chair Kohn specifically mentioned by president

WASHINGTON (MarketWatch) -- President Barack Obama suggested he has more than just two candidates under consideration to replace Fed Chairman Ben Bernanke, lawmakers said Wednesday after meeting with the president.

The conventional wisdom had been that the race for the job had narrowed down to former Treasury Secretary Larry Summers and Fed Vice Chair Janet Yellen.


Obama went up to Capitol Hill for closed-door meetings with Senate and House Democrats to discuss his new push to spur Congress to act on measures to boost the economy.

But lawmakers wanted to talk about Obama’s upcoming decision to select a new head of the central bank.

One lawmaker said Obama had already interviewed a good number of candidates.

(Excerpt) Read more at marketwatch.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: economy; fed; interestrates; obama

1 posted on 07/31/2013 6:56:31 PM PDT by Ernest_at_the_Beach
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To: Ernest_at_the_Beach

More free money...

More QE...

More printing...

More years of artificially low interest rates...

It is the way to prosperity.

Why hasn’t any other country in the history of the world tried this...?


2 posted on 07/31/2013 6:59:37 PM PDT by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
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To: Ernest_at_the_Beach

The interviews were just for show. Obummer already knows which candidate will be the biggest boot licker for the king. This is about reducing expectations regarding Yellen who - although a boot licker from the git-go - won’t suck up as much as Larry S. will.


3 posted on 07/31/2013 8:13:16 PM PDT by JustTheTruth
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