From Reuters: U.S.
Federal Reserve Chairman Ben Bernanke has told close friends he probably will
not stand for a third term at the central bank even if President Barack Obama
wins the Nov. 6 election, the New York Times reported.
Republican presidential nominee Mitt Romney has already said
he would not re-nominate Bernanke if he wins the presidency. Bernanke's term as
chairman ends in January 2014.
The Fed's unconventional efforts to spur growth have been
criticized by many who argue that they threaten future inflation and abet
profligate spending in Washington.
Former Treasury Secretary Lawrence Summers would be at the
top of Obama's list to replace Bernanke if he did not offer for re-nomination,
columnist Andrew Ross Sorkin wrote. Longer
shots include Janet Yellen, the vice chairwoman at the Fed, and economist Alan
Krueger, a former assistant secretary of the Treasury for economic policy -- or
even Geithner, Sorkin wrote in his "Dealbook" column....
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