Posted inBusiness

New Fed Chief, Whoever it May be, Faces a Trial by Fire

[CNBC] Former Treasury Secretary Larry Summers should be at least a little relieved heโ€™s not getting the job. Sundayโ€™s surprise announcement that he was out of the running as the next Federal Reserve chairman stunned Washington and Wall Street after an unprecedented round of press speculation and behind-the-scenes lobbying. The move leaves Janet Yellenโ€”current vice […]

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