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Rederal Reserve Chair

The Bungled Coronation of Larry Summers

Robert Kuttner | Posted 09.27.2013 | Politics
Robert Kuttner

A week ago, a carefully orchestrated series of leaks signaled that President Obama was on the verge of naming Larry Summers to succeed Ben Bernanke as chair of the Federal Reserve. Now, a massive backlash from Senate Democrats makes Summers' appointment something of a long shot.