Larry Summers withdraws name for Fed chair job
September 15th, 2013
04:48 PM ET
1 year ago

Larry Summers withdraws name for Fed chair job

New York (CNNMoney) – After months of contentious public debate, Larry Summers has withdrawn his name from consideration to become the next chairman of the Federal Reserve, sources familiar with the decision confirmed to CNN.

President Obama said he spoke with Summers earlier Sunday and accepted his decision.

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Filed under: CNNMoney.com • Federal Reserve • Larry Summers