by Robert Borosage | Sep 16, 2013 | Federal Reserve Chair
Accidents happen all the time in politics. This was not of those times. When the potential nomination of Lawrence Summers to the chairmanship of the Federal Reserve surfaced, progressives responded. Ohio Sen. Sherrod Brown organized a letter in support of vice chair...
by Richard Eskow | Sep 8, 2013 | Federal Reserve Chair, Financial Reform
The selection of the next Federal Reserve chair is no longer just a matter of policy or personnel. It has also become a test of the Obama administration’s ability to respond pragmatically when confronted with evidence that its preferred course of action would be...
by Mary Bottari | Sep 3, 2013 | Federal Reserve Chair, Financial Reform
The Washington Post's Ezra Klein reports that Larry Summers is the "overwhelming favorite" of the Obama team for the job as Federal Reserve chairman. To convince the American public that one of the chief architects of the 2008 financial crisis should be the chief...
by Richard Eskow | Aug 29, 2013 | Federal Reserve Chair, Financial Reform
It takes a special kind of magic to bring together groups as diverse as progressive Democrats, Californians, conservative Republicans, feminists, a number of prominent economists, and a large chunk of the global investment community. Lawrence Summers has that kind of...
by Robert Borosage | Aug 29, 2013 | Federal Reserve Chair, Financial Reform
A White House aide has now floated the word that Larry Summers is being “vetted” for nomination to head the Federal Reserve. Whatever the president’s preference, it is clear that the “boys club” that dominates administration economic policy is all in for Summers....
by Dean Baker | Aug 14, 2013 | Economy, Federal Reserve Chair, Financial Reform
The supporters of Larry Summers drive to be Fed chair are desperately trying to rewrite history so that this world class champion of financial deregulation was actually a prescient supporter of tighter regulation all along. Exhibit A in this historical rewriting is a...