Tags: Bernanke | fed | term | Chief

Bernanke: I'm Not Thinking Beyond Current Term as Fed Chief

Thursday, 13 Dec 2012 07:07 AM

 

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Federal Reserve Chairman Ben Bernanke said he hasn’t had discussions with the Obama administration about keeping his job as central bank chief after his second term ends Jan. 31, 2014.

“I haven’t had any conversations,” Bernanke, 58, said in response to a question at a press conference Wednesday at the Fed in Washington. “I think the president has got quite a few issues he needs to be thinking about, from the fiscal cliff to many other appointments and so on.”

Bernanke took over as Fed chief in 2006 after being appointed by Republican President George W. Bush and started a second term in 2010 after being re-appointed by President Barack Obama, a Democrat. Bernanke also was a Fed Board governor from 2002 to 2005, when he left to serve as chairman of President Bush’s Council of Economic Advisers. His current term as a governor on the seven-member panel ends in Jan. 31, 2020.

Editor's Note: Economist Unapologetically Calls Out Bernanke, Obama for Mishandling Economy. See What They Did

“I’m very much engaged in the difficult issues that we’re discussing,” Bernanke said. “I have not been spending time thinking about my own future.”

Bernanke also said that he didn’t have anything to add to comments at his last press conference on Sept. 13, when he was asked if he would serve a third term if asked.

“I have a lot to do,” Bernanke said Sept. 13. “I’m very focused on my work, and I don’t have any decision or any information to give you on my personal plans.”

Editor's Note: Economist Unapologetically Calls Out Bernanke, Obama for Mishandling Economy. See What They Did

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