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Economy
In reply to the discussion: Weekend Economists Celebrate September 13-15, 2013 [View all]xchrom
(108,903 posts)36. Summers cancels Citi events, while Fed chief decision pending
http://www.reuters.com/article/2013/09/14/us-usa-fed-summers-citi-idUSBRE98D0BT20130914
(Reuters) - Former Treasury Secretary Lawrence Summers has pulled out of speaking engagements and other events involving Citigroup Inc while President Barack Obama considers whether to nominate the Harvard economist as the next chairman of the Federal Reserve, the bank said in a statement.
"Mr. Summers has withdrawn from participation in all Citi events while he is under consideration to be Chairman of the Federal Reserve," Danielle Romero-Apsilos, a spokeswoman for the third-biggest U.S. lender, said in a statement e-mailed to Reuters on Saturday.
Summers, a former economic adviser to Obama, has bowed out of a keynote address on global economic challenges at a Citigroup research seminar next month, according to a Bloomberg report.
While Summers is widely thought to be Obama's preferred choice to replace Fed Chairman Ben Bernanke when his term is up in January, an unusually vitriolic public debate has erupted over that possibility in recent months.
(Reuters) - Former Treasury Secretary Lawrence Summers has pulled out of speaking engagements and other events involving Citigroup Inc while President Barack Obama considers whether to nominate the Harvard economist as the next chairman of the Federal Reserve, the bank said in a statement.
"Mr. Summers has withdrawn from participation in all Citi events while he is under consideration to be Chairman of the Federal Reserve," Danielle Romero-Apsilos, a spokeswoman for the third-biggest U.S. lender, said in a statement e-mailed to Reuters on Saturday.
Summers, a former economic adviser to Obama, has bowed out of a keynote address on global economic challenges at a Citigroup research seminar next month, according to a Bloomberg report.
While Summers is widely thought to be Obama's preferred choice to replace Fed Chairman Ben Bernanke when his term is up in January, an unusually vitriolic public debate has erupted over that possibility in recent months.
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IMF WARNS: China Is Taking Ever Greater Risks And Putting The Financial System In Danger
xchrom
Sep 2013
#11
1. The Economist does not like 'leftists' (editorial line supports 'free markets'
Ghost Dog
Sep 2013
#41
+ The Economist dates back to the beginning of big banking. Here's Bagehot (1873):
Ghost Dog
Sep 2013
#44
James Gabraith, Neil Barofsky, and John Coffee Discuss Lessons from Lehman Meltdown
antigop
Sep 2013
#45
IN CONCLUSION: 5 years after Lehman, Americans still angry at Wall Street--POLL
Demeter
Sep 2013
#51