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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 This material may not be published, broadcast, rewritten or redistributed.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 70 70 1,045
MORTGAGES 79 79 1,199
FORECLOSURE NOTICES 0 0 228
BUILDING PERMITS 0 0 2,425
BANKRUPTCIES 52 52 727
BUSINESS LICENSES 23 23 512
UTILITY CONNECTIONS 0 0 293
MARRIAGE LICENSES 21 21 161