Tag Archive for Federal Reserve Chairman

The Next Federal Reserve Chairman: Summers Out, Yellen In – Money Morning

This is a syndicated repost courtesy of Money Morning. To view original, click here. Reposted with permission. Larry Summers shocked Wall Street and Washington circles on Sunday by withdrawing his name for consideration as the next U.S. Federal Reserve chairman. Summers wrote in a letter to U.S. President Barack Obama, “I have reluctantly concluded that…

Lawmakers reworked financial portfolios after talks with Fed, Treasury officials – The Washington Post

In January 2008, President George W. Bush was scrambling to bolster the American economy. The subprime mortgage industry was collapsing, and the Dow Jones industrial average had lost more than 2,000 points in less than three months. House Minority Leader John A. Boehner became the Bush administration’s point person on Capitol Hill to negotiate a…