Obama Says He Has Narrowed Down Decision on Next Fed Chairman
By Anna Edney & Margaret Talev - Jul 28, 2013 12:00 AM ET
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Obama declined to say who the finalists are, amid speculation that former Treasury Secretary Lawrence Summers and Fed Vice Chairman Janet Yellen are leading candidates.
About a third of the 54-member Senate Democratic caucus sent a letter July 25 encouraging Obama to nominate Yellen.
Obama also discussed the Keystone XL pipeline project, disputing Republican claims it would be a job creator. The project that would connect oil production from Alberta to refineries on the U.S. Gulf Coast would initially create 2,000 jobs during the construction phase that would take a year or two, Obama said.
“And then after that we’re talking about somewhere between 50 and 100 jobs in an economy of 150 million working people,” he said.
complete article:
http://www.bloomberg.com/news/2013-07-27/obama-says-he-has-narrowed-down-decision-on-next-fed-chairman.html
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