Obama to meet with Bernanke as markets continue to fluctuate

President Obama is scheduled to meet with Federal Reserve Chairman Ben Bernanke on Wednesday afternoon at the White House.

Obama will also meet separately with Treasury Secretary Timothy Geithner, White House press secretary Jay Carney said.

White House officials described the meeting with Bernanke as a regular, periodic meeting the president has with the chairman. Obama meets with Geithner roughly once a week.

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The meetings come as markets continue to roil in reaction to Standard & Poor’s decision to downgrade the U.S. AAA credit rating to AA+. The Dow Jones Industrial average fell 300 points at the opening bell and continued to fall throughout the day as worries spread that France could also see its AAA credit rating downgraded.

Obama is also meeting with Bernanke one day after the central bank’s Federal Open Market Committee announced it expected to keep a key interest rate near zero through the presidential election and into mid-2013.

Obama’s meeting with Geithner was scheduled for Tuesday but rescheduled when the president traveled to Dover Air Force Base, Del., to greet the remains of U.S. Navy SEALs killed in Afghanistan.

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