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Fears rise that Larry Summers is likely to be named Fed Chairman

wochit politics
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July 23, 2013 AT 8:03 PM
According to people who have been briefed on the administration's thinking, President Barack Obama is leaning towards former White House Economic Adviser Larry Summers as his choice to replace Ben Bernanke as chairman of the Federal Reserve. Liberal critics of Summers' economic record, along with those who continue to question his ability to work with women, are waging a last-minute campaign to persuade the president to change his mind and instead choose the other frontrunner for the job, Fed Vice Chair Janet Yellen.