Larry Summers has withdrawn his name from consideration to be Chairman of the Federal Reserve. Larry Summers, who "played a direct role in promoting the imbalances from which the economy continues to suffer." "I have reluctantly concluded that any possible confirmation process for me would be acrimonious and would not serve the interest
Larry Summers Pulls Out Of Fed Chairman Race
Critics said that Summers represented the destructive ‘Washington-to-Wall Street revolving door.’