Summers cancels Citi events, while Fed chief decision pending (Reply #36)

In the discussion thread: Weekend Economists Celebrate September 13-15, 2013 [View all]

Sun Sep 15, 2013, 07:05 AM

xchrom (108,903 posts)

36. Summers cancels Citi events, while Fed chief decision pending

http://www.reuters.com/article/2013/09/14/us-usa-fed-summers-citi-idUSBRE98D0BT20130914

(Reuters) - Former Treasury Secretary Lawrence Summers has pulled out of speaking engagements and other events involving Citigroup Inc while President Barack Obama considers whether to nominate the Harvard economist as the next chairman of the Federal Reserve, the bank said in a statement.

"Mr. Summers has withdrawn from participation in all Citi events while he is under consideration to be Chairman of the Federal Reserve," Danielle Romero-Apsilos, a spokeswoman for the third-biggest U.S. lender, said in a statement e-mailed to Reuters on Saturday.

Summers, a former economic adviser to Obama, has bowed out of a keynote address on global economic challenges at a Citigroup research seminar next month, according to a Bloomberg report.

While Summers is widely thought to be Obama's preferred choice to replace Fed Chairman Ben Bernanke when his term is up in January, an unusually vitriolic public debate has erupted over that possibility in recent months.

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55 replies	Author	Time	Post
Weekend Economists Celebrate September 13-15, 2013 [View all]	Demeter	Sep 2013	OP
In Honor of Lehman's, we have two banks failed	Demeter	Sep 2013	#1
Where are student radicals today?	DemReadingDU	Sep 2013	#2
One right here.	Fuddnik	Sep 2013	#6
Nice job!	DemReadingDU	Sep 2013	#10
Just gotta watch myself.	Fuddnik	Sep 2013	#16
Obama Appoints Bain & Co Consultant to Top Post	xchrom	Sep 2013	#3
I think he does it to taunt us	Demeter	Sep 2013	#18
US retail sales growth slower than expected in August	xchrom	Sep 2013	#4
We are all supposed to go out and spend our income decreases	Demeter	Sep 2013	#19
Spanish public debt reaches record level	xchrom	Sep 2013	#5
It Doesn't Make Much Sense To Invest Like The Dow	xchrom	Sep 2013	#7
The Dow has been irrelevant for a long time.	Fuddnik	Sep 2013	#8
sharknado!	xchrom	Sep 2013	#9
The market is a rigged casino	DemReadingDU	Sep 2013	#21
IMF WARNS: China Is Taking Ever Greater Risks And Putting The Financial System In Danger	xchrom	Sep 2013	#11
That's funny, coming from the IMF!	Demeter	Sep 2013	#17
Economic Collapse Seen Through Aerial Photos of Abandoned Mansions	Demeter	Sep 2013	#12
Speaker Boehner Really Mad About Putin's Op-Ed (DANZIGER)	Demeter	Sep 2013	#13
If you're a mother, you are on duty until you die	Demeter	Sep 2013	#14
The Snare of High Tech (TOM TOLLES)	Demeter	Sep 2013	#15
Friday was such a rolling catastrophe that I never even got to the email	Demeter	Sep 2013	#20
Obamacare Doublethink PAUL KRUGMAN	Demeter	Sep 2013	#22
Musical Interlude	hamerfan	Sep 2013	#23
Musical Interlude II	hamerfan	Sep 2013	#24
EXCELLENT CHOICES, HAMERFAN!	Demeter	Sep 2013	#27
Just these perennial favorites (for now, anyway)	hamerfan	Sep 2013	#29
Those will never go out of style, alas!	Demeter	Sep 2013	#31
Warnings about the economy from people you should listen to by Fabius Maximus	Demeter	Sep 2013	#25
Revealed: State Colleges Giving Wealthy Kids More Financial Aid Than Poor Kids	Demeter	Sep 2013	#26
I remember when that hapened	gopiscrap	Sep 2013	#28
Musical Interlude III	hamerfan	Sep 2013	#30
Tomorrow is the big day! Get your hat, and glitter and confetti ready!	Demeter	Sep 2013	#32
The Economist Falls Under Merkel's Spell	xchrom	Sep 2013	#33
1. The Economist does not like 'leftists' (editorial line supports 'free markets'	Ghost Dog	Sep 2013	#41
+1	xchrom	Sep 2013	#42
+ The Economist dates back to the beginning of big banking. Here's Bagehot (1873):	Ghost Dog	Sep 2013	#44
EU spending cuts to hit Portugal's poor	xchrom	Sep 2013	#34
Cyprus eyes investors, may not need full privatization-president	xchrom	Sep 2013	#35
Summers cancels Citi events, while Fed chief decision pending	xchrom	Sep 2013	#36
Too little, too late Larry	Demeter	Sep 2013	#46
U.S. retail sales, consumer confidence point to soft economy	xchrom	Sep 2013	#37
Budget deficit shrinks in August from year earlier	xchrom	Sep 2013	#38
Existing-Home Sales Probably Declined: U.S. Economy Preview	xchrom	Sep 2013	#39
Companies Use IRS to Raise Bonuses With Earnings Goals	xchrom	Sep 2013	#40
WTF?	Demeter	Sep 2013	#47
MIT's Andrew Lo Explains Why Hedge Funds Are Incentivized To Decimate Capital	xchrom	Sep 2013	#43
James Gabraith, Neil Barofsky, and John Coffee Discuss Lessons from Lehman Meltdown	antigop	Sep 2013	#45
Thanks for that! No, it isn't posted. You are the first!	Demeter	Sep 2013	#48
Calvin explains exactly how we got into this mess	Demeter	Sep 2013	#49
Musical Interlude IV	hamerfan	Sep 2013	#50
IN CONCLUSION: 5 years after Lehman, Americans still angry at Wall Street--POLL	Demeter	Sep 2013	#51
THE POLL RESULTS	Demeter	Sep 2013	#52
THAT'S A WRAP, FOLKS	Demeter	Sep 2013	#53
FLASH: Summers Withdraws	DemReadingDU	Sep 2013	#54
Now we have something POSITIVE to celebrate!	Demeter	Sep 2013	#55

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