Wednesday, August 28, 2013

Obama Will Name His Choice for Fed Chair After Sept 9; Yellen Downplays Chances of Getting Fed Job

White House deliberations over a successor to Federal Reserve Chairman Ben Bernanke are entering their final stages, and the Fed's No. 2 official, Janet Yellen, has downplayed her chances of getting the job, according to people who have spoken to her, John Hisenrath and Carol E. Lee are reporting for WSJ.

Yellen has indicated to some associates that she sees herself as the underdog and is uncomfortable with the contentious public spectacle that the succession has become, according to people who have spoken to her, writes WSJ.

Obama will announce his choice for the job sometime after Congress returns from recess on Sept. 9, according to a senior administration official, says WSJ.

Would love to see a Larry Summers financial disclosure statement, would be quite the feast, unlikely to include inherited stamp collection.