BLOOMINGTON, Minn. Oct 4 Whomever President
Barack Obama chooses as the next head of the Federal Reserve
will face a stern test of leadership to resist pressure to
prematurely tighten monetary policy, a senior U.S. central
banker said on Friday.
"The real test for us ... (is) going to be about being able
to keep a high level of (policy) accommodation in place, even as
there (are) a lot of onlookers and observers calling on us to
back off," said Minneapolis Fed President Narayana Kocherlakota.
"The leadership being provided by the chair person in that
regard will be critical."
Obama is expected in the next few weeks to nominate his
choice to succeed Fed Chairman Ben Bernanke, whose term ends in
January. The White House has said that Fed Vice Chair Janet
Yellen is the top candidate to take the helm.