Summers withdraws from Fed Chairman race

Posted | 16/09/2013 / Views | 1612
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In breaking news Larry Summers, considered to be the front runner to replace Bernanke in January, withdrew from consideration.  Summers was considered the more Hawkish candidate (more concerned about the effect of low interest rates on inflation) and leaves the current Vice Chair Janet Yellen as the clear front runner.  Yellen is a stated Dove (meaning she is less concerned about inflation and pro easy money to stimulate growth) and one would think good for where that would lead the price of gold and silver bullion...