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Obama plans regular talks with key market players: report

WASHINGTON
Wed Jan 7, 2009 5:04pm EST

WASHINGTON (Reuters) - U.S. President-elect Barack Obama said on Wednesday that he will be communicating with key market participants on a regular basis.

Barack Obama

Obama also told CNBC in an interview excerpt that he has to "pay some attention" to market psychology, given the sensitivity of the stock markets, but that he prefers to be "looking out at the horizon" when making economic policy decisions.

A CNBC reporter gave more details on the interview, saying that Obama "signaled" that he was leaning against repealing President George W. Bush's tax cuts. The reporter said Obama declined to comment on whether Larry Summers would be tapped to replace Federal Reserve Chairman Ben Bernanke when Bernanke's term ends in January 2010.

The interview is scheduled to be shown in its entirety later on Wednesday.

(Reporting by Karey Wutkowski and Julie Vorman; editing by Carol Bishopric)
Barack Obama


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