Possibility of change at Fed

Published 5:00 am Wednesday, June 19, 2013

WASHINGTON — President Barack Obama suggested that he was likely to nominate a new Federal Reserve chairman later this year, saying in a television interview aired late Monday that the current chairman, Ben S. Bernanke, had “already stayed a lot longer than he wanted or he was supposed to.”

Obama praised Bernanke’s leadership of the Fed, which has mounted an aggressive campaign to revive the economy over the last several years. His second term as chairman of the central bank runs through the end of January.

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— From wire reports

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