Investors seek insight on potential for Summers as Fed chair

08/30/2013 | Bloomberg

Investors are seeking information about what the potential appointment of Lawrence Summers instead of Janet Yellen as chairman of the Federal Reserve would mean for markets, according to analysts. "The market was comfortable with a Yellen appointment and is needing to grow comfortable with what a Larry Summers appointment might mean," said Leo Grohowski of BNY Mellon Wealth Management.

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