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In this Oct. 15, 2008 file photo, Federal Reserve Chairman Ben Bernanke, right, listens to Timothy Geithner, president of the New York Federal Reserve, before speaking at the Economic Club of New York. President-elect Barack Obama is likely to name Timothy Geithner as Treasury Secretary in a time of intense economic turmoil as he rounds out the upper echelon of his Cabinet, a senior Democratic official familiar with the deliberations said Friday.
Federal Reserve Chairman Ben S. Bernanke (L) and Jan Hopkins President of the Economic Club of New York speak before his speech to the Economic Club of New York in New York City on October 15, 2008. Bernanke said that a recovery from the financial crisis "will not happen right away" but that the US economy will eventually emerge "with renewed vigor."
Federal Reserve Chairman Ben S. Bernanke (L) and Jan Hopkins President of the Economic Club of New York speak before his speech to the Economic Club of New York in New York City October 15th 2008. Bernanke said that a recovery from the financial crisis "will not happen right away" but that the US economy will eventually emerge "with renewed vigor."
U.S. Treasury Secretary Henry Paulson announces that the Treasury Department will take equity stakes in potentially thousands of banks totaling about $250 billion at the Treasury Department Cash Room in Washington, October 14, 2008. Standing beside Paulson are Federal Reserve Chairman Ben Bernanke (C) and FDIC Chairman Sheila Bair.
U.S. Treasury Secretary Henry Paulson announces that the Treasury Department will take equity stakes in potentially thousands of banks totaling about $250 billion at the Treasury Department Cash Room in Washington, October 14, 2008. Standing beside Paulson are Federal Reserve Chairman Ben Bernanke (C) and FDIC Chairman Sheila Bair.
FDIC Chairperson Sheila Bair speaks at a news conference as U.S. Treasury Secretary Henry Paulson (C) and Federal Reserve Chairman Ben Bernanke (R) look on after Paulson announced the Treasury Department's plan to take equity stakes in potentially thousands of banks totaling about $250 billion, at the Treasury Department Cash Room in Washington October 14, 2008.
U.S. Treasury Secretary Henry Paulson (L), Federal Reserve Chairman Ben Bernanke (C) and President and CEO of the Federal Reserve Bank of New York Timothy F. Geithner listen as FDIC Chairman Sheila Bair (not pictured) speaks at the Treasury Department Cash Room in Washington, October 14, 2008. Paulson announced the Treasury Department's plan to take equity stakes in potentially thousands of banks totaling about $250 billion.
FDIC Chairperson Sheila Bair speaks at a news conference as U.S. Treasury Secretary Henry Paulson (C) and Federal Reserve Chairman Ben Bernanke (R) look on after Paulson announced the Treasury Department's plan to take equity stakes in potentially thousands of banks totaling about $250 billion, at the Treasury Department Cash Room in Washington October 14, 2008.
WASHINGTON - OCTOBER 14: Secretary Henry M. Paulson (L) and Federal Reserve Chairman Ben Bernanke (R) participate in a news conference at the Treasury Department to talk about the market stability Initiative October 14, 2008 in Washington DC. Earlier today President Bush met with the President's Working Group on Financial Markets at the White House to unlock the nation�s credit crisis.
WASHINGTON - OCTOBER 14: Federal Reserve Chairman Ben Bernanke (L) speaks while Treasury Secretary Henry M. Paulson (R) listens during a news conference at the Treasury Department to talk about the market stability Initiative October 14, 2008 in Washington DC. Earlier today President Bush met with the President's Working Group on Financial Markets at the White House to unlock the nation�s credit crisis.
WASHINGTON - OCTOBER 14: Secretary Henry M. Paulson (C) speaks while Federal Reserve Chairman Ben Bernanke (L) and Federal Deposit Insurance Corp Chairman Sheila Bair (R) listen during a news conference at the Treasury Department to talk about the market stability Initiative October 14, 2008 in Washington DC. Earlier today President Bush met with the President's Working Group on Financial Markets at the White House to unlock the nation�s credit crisis.