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(497 posts)This just makes my hair stand up on end:
Markets More: Federal Reserve
The White House Search For A Bernanke Replacement Is On, And Larry Summers May Be The Favorite
Former U.S. Treasury Secretary Lawrence Summers is indicating to President Barack Obama's Wall Street supporters that he wants to become Federal Reserve chairman, according to people familiar with the matter, as he keeps in touch with senators who would vote on the nomination.
"As a matter of fact, I have a meeting scheduled with him next week," Senator Max Baucus, a Montana Democrat and chairman of the Finance Committee, said July 9. "I don't know what's on the agenda."
Summers, 58, who was Treasury secretary under President Bill Clinton and Obama's first National Economic Council director, is one of the potential candidates to succeed Chairman Ben Bernanke, according to two people familiar with the matter, who requested anonymity.
Read more: http://www.businessinsider.com/white-house-fed-search-and-larry-summers-2013-7#ixzz2ZoXGJIU0
Read more: http://www.businessinsider.com/white-house-fed-search-and-larry-summers-2013-7#ixzz2ZoVkrJQj