Summers drops out of race for Fed chair
Larry Summers has pulled his name from the list of contenders to replace Ben Bernanke as the next chairman of the Federal Reserve, after a number of Democratic senators announced they would vote against his confirmation.
In a letter to US President Barack Obama yesterday, Summers said that now is a "complex moment in our national life". Consequently, he "reluctantly concluded" that should he be nominated, the confirmation process would be "acrimonious, and would not best serve the interests of
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on People
People: New faces on IMF exec board
Plus, appointments at Deutsche Bundesbank and Czech central bank
Pablo Hernández de Cos to be next BIS general manager
Agustín Carstens will leave in 2025 after leading transformation project
Obituary: Tito Mboweni, 1959–2024
Sarb’s first black governor championed inflation targeting with “sharp wit”
National Bank of Romania renews veteran governor’s tenure
Mugur Isărescu, who has headed bank for more than 30 years, appointed to new five-year term
People: IMF appoints general counsel
Bank of Russia names new monetary policy head; Rob Brand becomes DNB’s chief investment officer
Minister nominated as Bank of Spain governor
Opposition says appointment of José Luis Escrivá would throw bank’s independence into question
People: Bundesbank appoints Mauderer as vice-president
Former prosecutor joins Dutch central bank’s supervisory board
People: Lula nominates ally Galípolo as Brazilian governor
BIS appoints Franks Smets to senior economics role