So it's being reported right now that Larry Summers has withdrawn his name from consideration as Fed chief. I couldn't be happier. In the entirety of President Obama's tenure, I have sent him one, and only one, communication: I asked him not to nominate Larry Summers for Fed Chairman.
Obviously, I carry great sway with him and he told Summers he'd best withdraw. You're welcome. (Ha!)
Let's hope the path is now clear for Janet Yellen.