Larry Summers won’t be the next Fed chair, but who will be?
Share Now on:
Amid pushback from a handful of Democrats over his possible nomination, former U.S. Treasury Secretary Lawrence Summers has withdrawn his name from consideration to replace Ben Bernanke as chairman of the Federal Reserve. Karen Petrou, managing partner at Federal Financial Analytics, joins Marketplace Morning Report host David Brancaccio to discuss the opposition from the Senate that partly led to his move.
Click the audio player above to hear more. And click here to listen to David’s conversation with Phillip Swagel, professor at the University of Maryland’s School of Public Policy, about what led to Summers withdrawing his name and what plans the next Fed chair may have.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.