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July 25, 2013


Summers vs. Yellin for Fed Chair

Ezra Klein says President Obama wants Larry Summers as the next Fed chair but the White House is weighing the choice:

"On the merits, they think the preference many on the left have for Janet Yellen is a bit puzzling. Yellen and Summers are both strongly committed to reducing unemployment. They're both committed to implementing Dodd-Frank -- as much as the left mistrusts Summers on financial regulation for his actions in the 1990s, the White House believes that he, like many others, is strongly committed to regulating Wall Street now. They see a lot of the opposition to Summers is based on bad or outdated information."

"But they're not unaware that Summers is a polarizing choice. So some of what's happening right now, I think, is that they're figuring out whether opposition to Summers is soft or hard."












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