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Obama Names Next Treasury Secretary

Fri, Nov 21 2008, 21:24 GMT
by Andrei Pehar

fxKnight.com


Timothy F. Geithner has just been tapped by President-Elect Barack Obama to replace Henry Paulson as the next US Treasury Secretary.  This announcement comes right on the heels of his appointment of his former rival, Senator Hillary Clinton, to be the next Secretary of State.

Mr. Geithner is the 9th president of the New York Fed and Vice Chairman of the FOMC.  He is a Senior Fellow in the international economics department of the Council on Foreign Relations, and has previously served as the Director of policy development for the IMF.

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