July 26, 2013 / 3:11 PM / in 4 years

Obama likely won't announce Fed chair pick until fall -official

WASHINGTON, July 26 (Reuters) - President Barack Obama has not made a decision about who will lead the Federal Reserve, the U.S. central bank, when Fed Chairman Ben Bernanke’s term expires in January, a senior White House official said on Friday.

No announcement on the decision is imminent, and likely won’t come until the fall, the official said.

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