Why Did Larry Summers Quit Fed Chair Race?

Why Did Larry Summers Quit Fed Chair Race? Play

Sept.16 (Bloomberg) -- Lawrence Summers’withdrawal as a candidate for Federal Reserve chairman came after an unprecedented campaign to stop a Fed nominee even before he was announced, spearheaded by Democratic senators who took on a president of their own party. Julianna Goldman reports on Bloomberg Television’s “In The Loop.” (Source: Bloomberg)

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