Obama’s Fed Process Starts With Private Auditions
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President Barack Obama will make “a very aggressive” case to win bipartisan support for his choice for the next U.S. Federal Reserve chairman, a decision that remains weeks away, his spokesman said.
Josh Earnest, deputy White House press secretary, said the administration was unconcerned by the public pressure being exerted by some Senate Democrats on behalf of Fed Vice Chairman Janet Yellen, one of several potential candidates. Obama is considering who should succeed Ben S. Bernanke, whose term expires Jan. 31.