Summers-led Fed might raise rates faster than Yellen

Barring another financial crisis or slide back into recession, the next head of the Federal Reserve is likely to oversee a gradual normalization of monetary policy.
But that pace, including the first interest rate hike, might be somewhat quicker under former Treasury Secretary Lawrence Summers than under current Fed Vice Chair Janet Yellen, the two top contenders for the job, if their own comments are any guide.
Moreover, a Summers-led Fed would appear less likely to extend or expand the use of the extraordinary measures that the central bank has undertaken during the tenure of current chairman Ben Bernanke, whose term expires in January.
The distinction between Summers and Yellen is perhaps best illustrated by remarks they delivered at separate events in April.

http://www.reuters.com/article/2013/08/18/us-usa-fed-succession-policy-idUSBRE97H03V20130818