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White House: Larry Summers has withdrawn his name from consideration as Fed Chair

The White House has just dropped a Sun­day evening bomb­shell: Neolib­er­al econ­o­mist Lar­ry Sum­mers — who Pres­i­dent Barack Oba­ma was on the verge of nom­i­nat­ing to be the next Chair­man of the Board of Gov­er­nors of the Fed­er­al Reserve — is no longer being con­sid­ered for the posi­tion, at his own request! “Ear­li­er today, I […]