23-Oct (Reuters) – U.S. Federal Reserve Chairman Ben Bernanke has
told close friends he probably will not stand for a third term at the
central bank even if President Barack Obama wins the Nov. 6 election,
the New York Times reported.
Republican presidential nominee Mitt Romney has already said he would
not re-nominate Bernanke if he wins the presidency. Bernanke’s term as
chairman ends in January 2014.
Bernanke, who was first appointed to run the U.S. central bank by
former president George W. Bush and was given a second term by Obama,
has declined to comment publicly on whether he would accept another
four-year term.
Bernanke probably won't stand for third term at Fed-NYT
The prospect of the Bernanke-less Fed, regardless of who wins the
Presidential election, is weighing on gold, commodities and equities
today.
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