Sat, Jul 27, 2013 5:20 PM EDT 0:53
President Barack Obama said that he has narrowed his choices to succeed Federal Reserve Chairman Ben Bernanke to "some extraordinary candidates" and will announce his pick "over the next several months President Barack Obama says Washington's top priority must be to reverse trends like economic inequality, weakened middle-class security and global competition. He says Washington has lost focus on the economy. The White House says President Barack Obama is not expected to name a new chairman of the Federal Reserve until the fall, lowering expectations for an imminent announcement. The president's pick is highly anticipated, given the Fed chairman's impact on economic policy.