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Larry Summers Fed Chair

Yellen Now Fed Chair Front Runner, WSJ Reports

The Huffington Post | Ashley Alman | Posted 09.17.2013 | Politics

Federal Reserve Vice Chair Janet Yellen is now the front-runner for the chair nomination, sources told the Wall Street Journal on Monday. This com...

Summers' Exit Could Open The Door For Chief Rival

AP | JULIE PACE and MARTIN CRUTSINGER | Posted 11.15.2013 | Politics

WASHINGTON — Lawrence Summers, who was considered the leading candidate to succeed Ben Bernanke as Federal Reserve chairman, has withdrawn from ...

Summers' End

Robert Kuttner | Posted 11.15.2013 | Politics
Robert Kuttner

Looking backwards at this debacle, it's clear that Obama's economic team did not serve him well, either substantively or tactically. Summers as chair of the Fed was always going to be a lightning rod, because of his temperament, his sketchy record as president of Harvard, his close association with the deregulation that invited the financial collapse, and the high-profile consulting gigs on Wall Street that he took since leaving government in 2010. Tactically, what unfolded in August and September was bizarre. Instead of the administration vetting Summers for hidden confirmation problems, deciding that he was an acceptable risk, and Obama announcing the appointment, what we got was a slow drip of leaks that Summers was the president's first choice. But that only served to rally Summers' opposition. It would have been much more difficult for opposition within the Democratic Party to fester if Obama had simply announced his choice.

Summers Withdraws Name From Fed Chair Consideration

The Huffington Post | Ashley Alman | Posted 09.16.2013 | Politics

Former U.S. Treasury Secretary Larry Summers has removed his name from consideration for Federal Reserve chair, The Wall Street Journal reported on Su...

Zach Carter

Another Democrat Comes Out Against Larry Summers As Fed Chair

HuffingtonPost.com | Zach Carter | Posted 09.13.2013 | Politics

WASHINGTON -- Sen. Jon Tester (D-Mont.) will vote against Larry Summers if President Barack Obama nominates his former economic adviser to head the Fe...

Jon Ward

Leading GOP Senator Opposes Larry Summers' Nomination

HuffingtonPost.com | Jon Ward | Posted 09.12.2013 | Politics

WASHINGTON -- John Cornyn, the number two Republican in the Senate, would oppose Larry Summers if he were nominated to chair the Federal Reserve, Corn...

Zach Carter

Looks Like Larry Summers Nomination Doesn't Appeal To Religious Groups, Either

HuffingtonPost.com | Zach Carter | Posted 09.05.2013 | Politics

WASHINGTON -- A coalition of 60 national and local religious organizations sent a letter to President Barack Obama on Wednesday urging him to appoint ...

Summers and the Banks

Jared Bernstein | Posted 10.29.2013 | Business
Jared Bernstein

In the interest of fairness, I also wanted to weigh in briefly on ways in which Larry Summers views on financial market oversight, a critical part of the job of Fed chair, have been misrepresented in some accounts.

Avaricious Brilliance for Economic Disaster

Ralph Nader | Posted 10.26.2013 | Business
Ralph Nader

The widening circle applauding megamillionaire Larry Summers -- of Harvard University, Washington, D.C. and Wall Street -- agrees on one word to describe the colossal failure -- Brilliant!

I Can No Longer Sit on the Sidelines in the Debate Over the Next Fed Chair

Jared Bernstein | Posted 10.21.2013 | Business
Jared Bernstein

"I wouldn't want Larry Summers to mow my yard." That little gem was uttered Monday by Senator Pat Roberts in what has to be a fight the White House really doesn't want to have right now.

GOP Senator Won't Vote For Janet Yellen, Even Though She's Better Than Larry Summers

The Huffington Post | Amanda Terkel | Posted 08.21.2013 | Politics

Sen. Pat Roberts (R-Kan.) would prefer Janet Yellen to Larry Summers to lead the Federal Reserve, but he still intends to vote against her if Presiden...

Amanda Terkel

GOP Senator Backs Janet Yellen: 'I Wouldn't Want Larry Summers To Mow My Yard'

HuffingtonPost.com | Amanda Terkel | Posted 08.21.2013 | Politics

Sen. Pat Roberts (R-Kan.) said on Monday that he would support Federal Reserve Vice Chair Janet Yellen as the board's next chair, making him the first...

3 Sexist Reasons Why People Don't Want Janet Yellen To Run The Fed

The Huffington Post | Jillian Berman | Posted 08.07.2013 | Business

In recent months, Janet Yellen has emerged as one of two top candidates to take control of the Federal Reserve when Ben Bernanke steps down. Though so...

Amanda Terkel

Larry Summers Clashed With African-American Scholars At Harvard

HuffingtonPost.com | Amanda Terkel | Posted 08.06.2013 | Politics

WASHINGTON -- As a top contender to become the next Federal Reserve chairman, economist Larry Summers has reemerged for scrutiny for his time as Harva...

Mark Gongloff

Larry Summers Defended Enron

HuffingtonPost.com | Mark Gongloff | Posted 08.05.2013 | Business

Here's something else to add to the long list of reasons Larry Summers would make a terrible Federal Reserve chairman: He reportedly told California t...

Mark Gongloff

Larry Summers Is Also Lousy At Crisis Management

HuffingtonPost.com | Mark Gongloff | Posted 08.02.2013 | Business

In answer to the question, "Why on earth should Larry Summers be chairman of the Federal Reserve?" his supporters usually allege that he is great in a crisis. Whether you believe that depends on your definition of "great." In fact, there is plenty of evidence that Larry Summers is actually kind of terrible in a crisis.

Alan Greenspan Is Back, and He Looks a Lot Like Larry Summers

Sanjay Sanghoee | Posted 09.24.2013 | Business
Sanjay Sanghoee

As a man mired so deeply in Greenspan Economics, Summers is simply not capable of recognizing the dangers of letting the banking industry run fast and loose, or of grasping the wisdom of regulated capitalism.

Mark Gongloff

The Many Reasons Larry Summers Would Be A Terrible Fed Chair

HuffingtonPost.com | Mark Gongloff | Posted 07.24.2013 | Business

It's official: Pretty much everybody thinks Larry Summers would make a terrible Federal Reserve chairman. Everybody, that is, except for the one gu...

Ryan Grim

Will Larry Summers Be Named Fed Chairman?

HuffingtonPost.com | Ryan Grim | Posted 07.24.2013 | Politics

WASHINGTON -- President Barack Obama is leaning towards former White House Economic Adviser Larry Summers as his choice to replace Ben Bernanke as cha...