Ben Bernanke to Step Down as Fed Chairman When Term Ends?
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Alex Wong/Getty Images(WASHINGTON) — President Obama is sending a strong signal that Ben Bernanke will step down as chairman of the Federal Reserve when his term ends early next year.
“He’s already stayed a lot longer than he wanted or he was supposed to,” the president told Charlie Rose in an interview on PBS. “Ben Bernanke’s done an outstanding job.”
Bernanke, who has been trying to prop up the U.S. economy since the end of the recession and financial crisis, is widely expected to leave his job at the end of January.
Fed Vice Chairman Janet Yellin appears to be the leading contender to replace him.
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