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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 This material may not be published, broadcast, rewritten or redistributed.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 86 313 4,762
MORTGAGES 97 409 6,640
FORECLOSURE NOTICES 34 147 1,475
BUILDING PERMITS 0 705 11,294
BANKRUPTCIES 53 311 4,525
BUSINESS LICENSES 41 177 1,983
UTILITY CONNECTIONS 64 436 6,253
MARRIAGE LICENSES 19 132 1,373

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