Bernake’s future uncertainty has caused the president to start thinking of replacements, should he be reelected, the New York Times reported. At the top of Obama’s list is Lawrence Summers, who served as Treasury Secretary from 1999 to 2001. Under Obama, Summers was the Director of the White House United States National Economic Council until November 2010.
Bernanke has declined to comment publicly about whether or not he would accept a third term. The Federal Reserve chairman has served under President George W. Bush and was granted a second term by the Obama administration.
“I am very focused on my work, I don’t have any decision or any information to give you on my personal plans,” he said at a news conference in September.
If he chooses to step down, he would leave open a second position considered among the most powerful in the nation: Treasury Secretary Timothy Geithner already announced that he would resign in 2014.
CONTINUED at RT.