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VOL. 128 | NO. 146 | Monday, July 29, 2013

AP Source: No Fed Chair Pick Until the Fall

JULIE PACE | AP White House Correspondent

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WASHINGTON (AP) – The White House says President Barack Obama is not expected to name a new chairman of the Federal Reserve until the fall, lowering expectations for an imminent announcement.

A senior official says the president has not made a decision on who will replace current Fed chairman Ben Bernanke. His term expires early next year.

The president's pick is highly anticipated, given the Fed chairman's impact on economic policy.

Among the leading candidates for the job are former Obama economic adviser Larry Summers and Janet Yellen, the Fed's current vice chairwoman. Yellen would be the first woman to lead the Fed.

The official insisted on anonymity because the person was not authorized to speak by name about internal deliberations.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 65 366 17,721
MORTGAGES 70 417 23,068
FORECLOSURE NOTICES 0 76 4,504
BUILDING PERMITS 0 722 41,947
BANKRUPTCIES 59 296 16,688
BUSINESS LICENSES 19 80 5,781
UTILITY CONNECTIONS 49 305 25,174
MARRIAGE LICENSES 0 80 5,365

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