New York Federal Reserve president Timothy Geithner has been selected to become Treasury Secretary amid the global financial crisis, a key advisor to president-elect Barack Obama said Sunday.
"Tim Geithner is someone who had experience in dealing with economic crises as the assistant secretary of Treasury for international affairs in the '90s," incoming White House senior advisor David Axelrod said on Fox television.
"He's intimately involved with the situation now in his role as president of New York Fed.
"By temperament and experience, he's the right man to lead the Treasury now," Axelrod stressed.
