Timothy Geithner tipped to be new U.S. Treasury Secretary

Fort Lauderdale News.Net
Friday 21st November, 2008

U.S. media report President-elect Barack Obama has decided to nominate Timothy Geithner, head of the Federal Reserve Bank of New York, to be his treasury secretary.

Geithner is one of the top central bank officials who set U.S. interest rate policy and made other decisions aimed at keeping inflation and unemployment in check.

The Obama transition team has made no official announcement, but the news reports say Geithner's nomination is likely to come next week.

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