Obama Says He Has Narrowed Decision on Next Fed Chairman
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President Barack Obama said his nominee for Federal Reserve chairman will be someone who embraces the central bank’s dual mandate to promote price stability and maximum employment, and he has narrowed his choice “to some extraordinarily qualified candidates.”
“You can anticipate that over the next several months, an announcement will be made,” Obama said in an interview with the New York Times on July 24, according to a transcript published today on the newspaper’s Website. Obama said he hasn’t made a final decision.