Fed’s Fisher Says More Contenders Considered for Fed Chief

Federal Reserve Bank of Dallas President Richard Fisher said more candidates are being considered as a possible successor to Fed Chairman Ben S. Bernanke, without citing the source of his information.

“Not all the names you’ve read about are all the names being considered,” he said in response to audience questions after a speech in Portland, Oregon.

Fisher said he respected all the contenders for the job, adding that it was important for the chairman to have “enormous humility” and devotion to the position. “What we do not need is a prima donna,” he said.

President Barack Obama on Capitol Hill told his party’s lawmakers on July 31 that candidates include former Fed Vice Chairman Donald Kohn and the decision wasn’t a two-way race between Lawrence Summers, Obama’s former top economic adviser, and Janet Yellen, the Fed’s current vice chairman.

To contact the reporters on this story: Steve Matthews in Atlanta at smatthews@bloomberg.net; Anthony Effinger in Portland at aeffinger@bloomberg.net

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

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