Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Bernanke Says He Hasn’t Had Talks About Another Term

Don't Miss Out —
Follow us on:

Dec. 12 (Bloomberg) -- 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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.