Former U.S. Treasury Secretary Lawrence Summers never came near the Federal Reserve’s annual monetary policy symposium in Jackson Hole this weekend, but his name was often raised on the sidelines amid speculation over his possible selection as the next Fed chairman.
How would Summers, a Harvard professor with a formidable reputation for brilliance but no patience for people he disagrees with, treat his Fed colleagues?
How was fellow candidate Fed Vice Chair Janet Yellen, who moderated the discussion on Saturday, standing up to the pressure of competing with him?
When will President Barack Obama make up his mind on who he wants to nominate, and has the drawn-out process over the selection done any harm to the institution’s morale?
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