No need to hold back here: Larry Summers as the next Fed chairman?
Worst idea ever.
The scuttlebutt in Washington this week is that Summers, the former Harvard president, Treasury secretary, and chief White House economic adviser, is on the short list to replace Federal Reserve chairman Ben Bernanke when his term expires in January.
Summers, by all accounts, is a brilliant economist, one of the best of his generation. He is also someone who is confident, and, in times of crises, may be the adult in the room that he supposedly said the Obama administration didn’t have when the economy collapsed.
But he lacks one critical trait I like in my Fed chairmen: He’s not boring.
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