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 he’s not getting the job. Sunday’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 Yellen—current vice […]