Federal Reserve Board Chairman Ben Bernanke has done a fine job of responding to the financial crisis, and the Fed is well suited to oversee systemic financial risks, something no regulator does now, President Barack Obama said Tuesday.

Obama discussed the Fed in response to questions raised at a White House press conference but declined to comment on whether he would reappoint Bernanke to head the Fed.

Bernanke's future is the subject of speculation on Wall Street as the central bank attempts to guide the U.S. economy out of recession.

The President said the Fed chief "has done a fine job," particularly in responding to the financial crisis.

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