Obama: Fed Chair Will Prevent Asset Bubbles, Focus on Jobs

President Barack Obama said on Wednesday the person he selects to head the Federal Reserve when Chairman Ben Bernanke’s term ends in January will prevent asset bubbles from forming and try to bring down the unemployment rate.
“They’re going to be making sure that they keep an eye on inflation, that they’re not encouraging some of the bubbles that we’ve seen in our economy that have resulted in busts,” Obama said in an interview on CNBC.
“But they’re also …

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