Treasury Secretary Timothy Geithner told Bloomberg Television today that he's "pretty confident" he won't be asked to stay in his job if President Obama is re-elected for a second term.
"He's not going to ask me to stay on, I'm pretty confident," Geithner said. "I'm confident he'll be president. But I'm also confident he's going to have the privilege of having another secretary of the treasury."
Dudley Butler is quitting his job tomorrow. Never heard of him? He's President Obama's appointee to run the division of the U.S. Department of Agriculture that governs antitrust issues in the meat industry. He was part of a cadre of high-level bureaucrats charged to expose and fight agribusiness monopolies. In fact, he was the last of that group.
In a statement timed for release at the end of their most recent meetings, Fed policymakers also said they expect economic growth in coming quarters "to be modest," that the jobless rate will "decline only gradually" and that inflation will run "at ... or below" levels the central bank wants to see.