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The Boston Globe

Business

Summers steers clear of controversy

Lawrence Summers, the Harvard professor and former Obama administration official who is reported to have emerged as a front-runner to lead the Federal Reserve, on Wednesday spoke about technological change that could lead to increased unemployment over the next decade, but steered clear of any speculation about his future.

Addressing a conference of economists in Cambridge, Summers, who has generated his share of controversy during his career, tried to avoid any on Wednesday. And that wasn’t a surprise, said Jeffrey Smith, an economics professor at the University of Michigan.

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