Larry Summers Out; Obama “Mishandled” the Fed Nominating Process, Says Economist
By Morgan Korn September 16, 2013
"Rupkey says the most surprising aspect of the Summers news is how the Obama administration handled it; Rupkey describes it as “chaotic” and possibly “mishandled by the president."
“Why is [Obama] giving so much attention to Larry Summers as he bows out?” asks Rupkey. Obama should have quietly let Summers pull out and then nominated Yellen a few days later, he argues."
Stocks Push Toward Record Highs as Summers Drops Out
By Jeff Macke September 16, 2013