INSTANT VIEW 3-Obama to reappoint Bernanke as Fed chief-officia

Newswire

OAK BLUFFS, Mass., Aug 24 (Reuters) - U.S. President Barack Obama will reappoint Ben Bernanke for a second term as chairman of the Federal Reserve on Tuesday, a senior administration official said on Monday. Financial markets have given Bernanke high marks on the job and his reappointment was widely forecast, although a White House announcement was not expected until later this year. Bernanke, whose four-year term as the head of the U.S. central bank is due to end next February, will ...

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