Summers drops out of Fed race | Bangkok Post: news

News > World

Summers drops out of Fed race

- +

WASHINGTON - Former US treasury secretary Larry Summers withdrew Sunday from the race to succeed Ben Bernanke as chairman of the Federal Reserve, in a surprise announcement from the strongly tipped candidate. 

Larry Summers in Beijing on September 6, 2010.

President Barack Obama confirmed he had accepted Summers' decision not to seek the pivotal economic post in a telephone conversation following weeks of speculation about his chances of the job.

This article is older than 60 days, which we reserve for our premium members only.You can subscribe to our premium member subscription, here.

0 people commented about the above

Readers are urged not to submit comments that may cause legal dispute including slanderous, vulgar or violent language, incorrectly spelt names, discuss moderation action, quotes with no source or anything deemed critical of the monarchy. More information in our terms of use.

Please use our forum for more candid, lengthy, conversational and open discussion between one another.

  • Latest
  • Oldest
  • Most replied to
  • Most liked
  • Most disliked

    Click here to view more comments