According to an article published today in the Wall Street Journal, Larry Summers the former top economic adviser for Mr Obama,say some of the friends of the former,it is more than interested in replacing Fed Chairman Bernanke.
If picked, Mr. Summers would bring a range of government, academic and financial-market experience that Mr. Obama could find hard to replicate. Mr. Summers was chief economist at the World Bank and helped the Clinton Treasury navigate financial crises in Latin America and Asia.
Mr. Summers is widely considered one of the top economists of his generation. He is known for being able to quickly and clearly analyze economic issues, identify the challenges and conceptualize solutions.
But to his detractors—of which there are also plenty—he is an overbearing smarty pants who could be a bull in the collegial Fed china shop.
If picked, Mr. Summers would bring a range of government, academic and financial-market experience that Mr. Obama could find hard to replicate. Mr. Summers was chief economist at the World Bank and helped the Clinton Treasury navigate financial crises in Latin America and Asia.
Mr. Summers is widely considered one of the top economists of his generation. He is known for being able to quickly and clearly analyze economic issues, identify the challenges and conceptualize solutions.
But to his detractors—of which there are also plenty—he is an overbearing smarty pants who could be a bull in the collegial Fed china shop.
