President Obama hints Bernanke may be gone as Fed chief in 2014

President Obama hints Bernanke may be gone as Fed chief in 2014

WASHINGTON, June 18 (UPI) -- President Obama indicated he would replace U.S. Federal Reserve Chairman Ben Bernanke when his term expires next year.

Federal Reserve governor defends QE3

WASHINGTON, Oct. 12 (UPI) -- A Federal Reserve Board governor defended the Fed's policy of the third round mortgage-backed security purchases.

Donald Kohn (born November 7, 1942) is the current Vice Chairman of the Board of Governors of the Federal Reserve System.

Kohn was born in Philadelphia, Pennsylvania. He received a B.A. in economics in 1964 from The College of Wooster and a Ph.D. in economics in 1971 from the University of Michigan. Kohn and his wife, Gail, have two children, Laura and Jeffrey, both married with children.

Kohn is a veteran of the Federal Reserve System. Before becoming a member of the Board, he served on its staff as Adviser to the Board for Monetary Policy (2001-02), Secretary of the Federal Open Market Committee (1987-2002), Director of the Division of Monetary Affairs (1987-2001), and Deputy Staff Director for Monetary and Financial Policy (1983-87). He also held several positions in the Board's Division of Research and Statistics--Associate Director (1981-83), Chief of Capital Markets (1978-81), and Economist (1975-78). Dr. Kohn began his career as a Financial Economist at the Federal Reserve Bank of Kansas City (1970-75).

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