May 31
Prominent people in Washington and on Wall Street say President Barack Obama is starting to focus on what may be the most important appointment of his second term: the next chairman of the Federal Reserve.
Ben Bernanke’s term expires in January and he has told associates that the eight challenging years he will have served would be enough. Some people close to the president say his top personal choice to succeed Bernanke would be former Treasury Secretary Tim Geithner. They established a close bond over four years.
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