Larry Summers looks set to pip Janet Yellen at the post to take over from Ben Bernanke as head of the US Fed
2013-05-28 — jewishbusinessnews.com
Now it appears that the choice of successor is far away from being a closed book, with not only Larry Summers being a strong contender but also another former Treasury secretary Tim Geithner, as well as another former vice-chairman of the Federal Reserve Bank Donald Kohn and even Stanley Fischer, due to relinquish his role as governor of the Bank of Israel in the summer, also believed to appear on some form of unofficial shortlist to take up the role.
The reason why many in the know speculating that Larry Summers's name has risen to the top of the list, is that Obama may be fearful that despite case for Ms. Yellen having the strongest of economic credentials as well as many years of practical experience in central banking as head of the San Francisco Federal Bank, Ms. Yellen may not have the strength to handle the buffeting that is suspect to begin at a time when the almost four years of easy capital flow driven by the Fed begins to be eased off. Something that is due to happen almost immediately after Mr Bernanke leaves his post at the Fed.
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