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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 This material may not be published, broadcast, rewritten or redistributed.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 74 74 17,939
MORTGAGES 95 95 20,660
FORECLOSURE NOTICES 0 0 2,693
BUILDING PERMITS 141 141 36,977
BANKRUPTCIES 59 59 11,485
BUSINESS LICENSES 17 17 5,865
UTILITY CONNECTIONS 0 0 6,830
MARRIAGE LICENSES 41 41 4,090