Yellen Plays Down Chances of Getting Top Fed Post
Posted at 8:36 a.m. on Aug. 29
“White House deliberations over a successor to Federal Reserve Chairman Ben Bernanke are entering their final stages, and the Fed’s No. 2 official, Janet Yellen, has played down her chances of getting the job,” the Wall Street Journal reports.
“The other leading contender for the post is Lawrence Summers, who served as the head of the White House National Economic Council under President Barack Obama in 2009 and 2010.”
“Yellen has indicated to some associates that she sees herself as the underdog and is uncomfortable with the contentious public spectacle that the succession has become… Obama will announce his choice for the job sometime after Congress returns from recess on Sept. 9.”