PODCAST: Larry Summers withdraws his name from the Fed chair job

Pushback from Democrats and others groups was part of the reason Summers withdrew his name from the running.

Inflation hawks hold significant sway at the Federal Reserve. But critics say they should tolerate — and even target — more inflation to boost economic growth.

East Coast ports are upgrading their infrastructure to accommodate increased freight expected after the 2015 expansion of the Panama Canal. West Coast ports have to ship up in order to compete.