A Fight for Bernanke's Job

Some financial executives say Obama would be a fool to dump Bernanke.

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By Paul Bedard, Washington Whispers

Hang in there, Ben Bernanke. Fans of your work as a first-term Federal Reserve chief are going to bat with their White House friends to quash rumors that President Obama is thinking about naming economic aide Larry Summers or Fed official Janet Yellen as your replacement. "They would be fools to ditch Bernanke," an influential financial industry exec tells Whispers. The buzz heightened this month when Big Ben broke protocol by staging a TV town hall on his economic recovery tricks. Some saw it as campaigning. But one banking boss says, "He understands the need to communicate."

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