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Geithner: No Chance to Be Fed Chair

8:44 AM, Jan 25, 2013   |    comments
Timothy Geithner (Win McNamee/Getty Images)
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David Jackson, USA TODAY

Outgoing Treasury Secretary Timothy Geithner is trying to read himself out of the race to be the next Fed Chair.

"No, not a chance," Geithner told Politico in exit interview. "I mean, I have great respect for the institution, but that will be someone else's privilege."

Still, Geithner's name is likely to be mentioned if Federal Reserve Chairman Ben Bernanke forgoes a third term and Obama names a replacement later this year or next. Bernanke's term ends Jan. 31, 2014.

Geithner's last day at Treasury is Friday. He also told Politico:

"The thing I'm most grateful for is the chance to work with the President I admire, and help him do the necessary hard thing of saving the country from a second Great Depression.

"And I think the biggest challenge ahead of us still is to try to find a way to get the American political system to start to work again in taking on some of the bigger, longer-term challenges we face. And I think that's a challenge still unmet."

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