facebook
twitter
rss
account
search
search
 

White House denies report Summers is choice for Fed

Sept. 13, 2013 at 3:09 PM   |   Comments

| License Photo
WASHINGTON, Sept. 13 (UPI) -- U.S. President Barack Obama has not decided on his choice to head the Federal Reserve, the White House said Friday.

A Japanese newspaper, The Nikkei, citing sources it did not name, said former Treasury Secretary Lawrence Summers would be named next week to succeed Ben Bernanke as Fed chairman, USA Today reported.

Amy Brundage, an Obama spokeswoman, tweeted that the president "has not yet made a decision."

"The latest rumors this morning in the Japanese press aren't true," she said.

The finalists for the job appear to be Summers and Janet Yellen, currently the Fed's vice chairwoman, The Wall Street Journal reported. The administration is being lobbied by supporters of both candidates.

Several hundred economists signed a letter this week backing Yellen, USA Today said.

© 2013 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Poland buys medium-range missiles from U.S. Poland buys medium-range missiles from U.S.
2
Great white shark circling surfers photographed by drone Great white shark circling surfers photographed by drone
3
Watch: News anchor resigns live on-air to sell pot, '[Expletive] it, I quit' Watch: News anchor resigns live on-air to sell pot, '[Expletive] it, I quit'
4
Rutgers sophomore Caitlyn Kovacs dead after visit to Delta Kappa Epsilon frat house Rutgers sophomore Caitlyn Kovacs dead after visit to Delta Kappa Epsilon frat house
5
Cop-killer suspect Eric Frein possibly spotted, in standoff Cop-killer suspect Eric Frein possibly spotted, in standoff
Trending News
Video
x
Feedback