President Obama Is Expected To Decide by autumn whether to give Ben Bernanke a second four-year term as Federal Reserve chairman. Obama's chief economic adviser, Larry Summers, has long been said to covet the job, while Bernanke has pushed back at the Obama administration on a couple of proposals, risking the president's displeasure. Bernanke says he doesn't agree with the need for a new Consumer Financial Protection Agency; the Fed has got a handle on that, he says, and in fact it has been announcing new rules for lending and meeting with consumer-advocacy groups regularly. Bernanke is also taking a somewhat different tack from Treasury Secretary Tim Geithner and Summers over whether the Fed should supervise "systemic risk" in the financial system.
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