Breaking News

Tweet TWEET

Bernanke Says He Hasn’t Had Talks About Another Term

Federal Reserve Chairman Ben S. Bernanke said he hasn’t had discussions with the Obama administration about keeping his job as central bank chief after his second term ends Jan. 31, 2014.

“I haven’t had any conversations,” Bernanke, 58, said in response to a question at a press conference today at the Fed in Washington. “I think the president has got quite a few issues he needs to be thinking about, from the fiscal cliff to many other appointments and so on.”

Bernanke took over as Fed chief in 2006 after being appointed by Republican President George W. Bush and started a second term in 2010 after being re-appointed by President Barack Obama, a Democrat. Bernanke also was a Fed Board governor from 2002 to 2005, when he left to serve as chairman of President Bush’s Council of Economic Advisers. His current term as a governor on the seven-member panel ends in Jan. 31, 2020.

“I’m very much engaged in the difficult issues that we’re discussing,” Bernanke said today. “I have not been spending time thinking about my own future.”

Bernanke also said today that he didn’t have anything to add to comments at his last press conference on Sept. 13, when he was asked if he would serve a third term if asked.

“I have a lot to do,” Bernanke said Sept. 13. “I’m very focused on my work, and I don’t have any decision or any information to give you on my personal plans.”

To contact the reporter on this story: Jeff Kearns in Washington at jkearns3@bloomberg.net

To contact the editor responsible for this story: Chris Wellisz at cwellisz@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.