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Obama May Consider Summers as Bernanke Successor
Topics:Ben Bernanke | Barack Obama | White House | Congress | Politics & Government
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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.
(See the accompanying video for more on the Summers reports coming from the Obama camp.)
Citing two sources familiar with the Obama transition, the newspaper also said Summers could perhaps succeed Bernanke.
Copyright 2008 Reuters. Click for restrictions.
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