Deregulation advocate quits race to lead US Fed

The man who many thought was favourite to succeed Ben Bernanke as the US Federal Reserve chairman has quit the race.

Deregulation advocate quits race to lead US Fed
Mon, 16 Sep, 2013 - 12:32

The man who many thought was favourite to succeed Ben Bernanke as the US Federal Reserve chairman has quit the race.

Larry Summers, a former US Treasury Secretary, said that any confirmation process for him was likely to be "acrimonious".

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