• Most Popular
  • Most Shared

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


More from Reuters

Afghan insurgents kill CIA agents, Canadians

KABUL (Reuters) - Insurgents intensified their campaign against military targets and U.S.-led forces in Afghanistan, killing eight U.S. CIA agents at a base and four Canadian servicemen on patrol and a journalist accompanying them.

» More Top News
Floor traders work at the Hong Kong Stocks Exchange, January 16, 2008. REUTERS/Bobby Yip

My way or the highway?

Hong Kong is poised to accept Beijing's accounting standards. That's good. The system, though, is prone to scandal. That's bad.  Full Article 

Global Markets
People walk past a branch of Bank of America in New York's financial district April 28, 2009. REUTERS/Brendan McDermid
Rolfe Winkler:

Move your money

Boycotting "too big to fail" banks is a great idea -- so long as investors remember that banks aren't the only ones responsible for the crisis.  Full Article 

    Commentary