Fed Chairman Search Expanded by Obama Mention of Kohn
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President Barack Obama has opened up the contest to become the next chairman of the Federal Reserve, adding former Fed Vice Chairman Donald Kohn to the list of names he’s considering.
At a closed-door meeting with Democrats in the U.S. House, Obama yesterday rejected the notion that it’s a two-person race between former Treasury Secretary Lawrence Summers and current Fed Vice Chairman Janet Yellen to succeed Ben S. Bernanke, whose term expires Jan. 31.