President Obama has decided that CFTC chief Gary Gensler, unlike most of his first-term economic team, is worth keeping around. Gary Gensler agrees. Now if only they could figure out in what capacity.
The president wants Gensler to stay right where he is. Gary has some other ideas.
Mr. Gensler, the people briefed on the matter said, has discussed other senior financial roles with the White House. The jobs could include deputy Treasury secretary and head of the Commerce Department. Two of the people said Mr. Gensler was once interested in running the Securities and Exchange Commission, though President Obama recently nominated Mary Jo White for that job.
The White House has apparently countered with another five years at the CFTC. Gensler is thinking about it; either way, he'll be around until the end of the year.
In an interview on Tuesday, however, Mr. Gensler said his task was not yet complete.
“It’s an incredible privilege and there’s still a lot of work to be done here at the C.F.T.C.,” he said. He declined to identify the other government posts he would pursue.