Larry Summers Could Replace Bernanke As Fed Chairman

The short list for the next Federal Reserve chairperson is down to just two names, according to Fox Business reporter Dunstan Prial. Ben Bernanke, who is expected to step down in January after eight years as the Fed chairman, will be succeeded by either Fed vice-chair Janet Yellen or noted economist and Washington insider Larry Summers. Larry Summers’ career in politics Larry Summers has had a long career in politics, becoming a household name in the 1990s as President Clinton’s Treasury Secretary. He built a reputation for brilliance and arrogance that made him hard to work with, even among people…