Obama wants some 'space' to make Fed decision: Report
VINEYARD HAVEN, Massachusetts (REUTERS) - US President Barack Obama wants some "space" to make a decision on who to nominate to replace Mr Ben Bernanke as chairman of the Federal Reserve when his term expires in January, a source familiar with the process said.
Mr Obama is considering a handful of candidates for the top job at the US central bank. The front-runners are believed to be former Treasury Secretary and Obama economic adviser Larry Summers and current Fed Vice chair Janet Yellen.
White House officials were annoyed when a group of Democrats in the US Senate wrote a letter to Mr Obama strongly urging the president to pick Yellen.
White House deputy chief of staff Rob Nabors addressed the issue with Senate Majority Leader Harry Reid's chief of staff, David Krone, the source said.