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Larry Summers, former Treasury Secretary of the United States. - 

On Friday, a Japanese newspaper reported that former Treasury Secretary Lawrence Summers will be President Obama's pick for the next chairmain of the Federal Reserve. But the White House disputed the claim, saying the President has not made his decision. Chris Low, chief economist at FTN Financial, joins Marketplace Morning Report host David Brancaccio to discuss how the false news -- and correction -- affected investor activity. 

Click the audio player above to hear more. 

Follow David Brancaccio at @DavidBrancaccio