Summers, Yellen, a couple of others in running for Fed chair

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Summers, Yellen, a couple of others in running for Fed chair

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Summers, Yellen, a couple of others in running for Fed chair

by Wochit 1:10 mins

President Barack Obama said that Lawrence Summers and Janet Yellen are both highly qualified people to be the next chair of the U.S. Federal Reserve, but stressed that they were not the only names being examined for this vital job. Responding to critics, President Barack Obama promised to work with Congress on "appropriate reforms" for domestic surveillance programs that were thrust into the public eye by leaker Edward Snowden, pointing the way to what could be the most comprehensive changes since the anti-terror Patriot Act was passed in the wake of the attacks of Sept, 11, 2001. At a press conference on spying transparency, President Obama said a review of the NSA could have come "without putting at risk our national security", and therefore, declared, "No, I don't think Mr. Snowden is a patriot". Obama insisted he had ordered a review of surveillance programs before the "NSA leaker" kicked off a "not always fully informed" debate, but will implement spying reforms.

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