WASHINGTON, Jan. 25 (UPI) -- Departing U.S. Treasury Secretary Timothy Geithner said Friday he would not accept an invitation to serve as the chairman of the Federal Reserve.
In his last day as the head of the Treasury, Geithner, when asked about the prospect he might replace Fed Chairman Ben Bernanke, said, "Not a chance. I have great respect for the institution, but that will be someone else's privilege."