Larry Summers Withdraws, Probable Boost for Equities

Posted on 09/16/2013

In a letter addressed to U.S. President Barack Obama on September 15th, Lawrence “Larry” Summers withdrew his name from consideration to succeed Federal Reserve Chairman Ben Bernanke, whose term is to end on January 31st. Mr Summers served in both the Clinton and Obama administrations. In the letter, Mr Summers cites as his reason for […]