Bernanke Wants Geithner to Replace Him

Al Hunt: “Ben Bernanke’s term expires in January and he has told associates that the eight challenging years he will have served would be enough. Some people close to the president say his top personal choice to succeed Bernanke would be former Treasury Secretary Tim Geithner. They established a close bond over four years.”

“Geithner, however, publicly and privately insists that he doesn’t want the job, and needs, for personal and financial reasons, more time in New York after years of government service. Even if he’s the president’s preferred pick, it’s uncertain that he would be pressured to take the job; that isn’t usually Obama’s style.”