Mr. (Barack) Obama said last month that he would not announce his choice for the Fed's top spot until the fall, and that he was considering at least three candidates: Mr. Summers, Ms. Yellen and the former Fed vice chairman Donald L. Kohn. But the president's top economic advisers uniformly support the selection of Mr. Summers. They regard him as a creative thinker and an experienced crisis manager, qualities they value in particular because they expect the Fed may confront difficult choices as it begins to retreat from its six-year-old stimulus campaign.Emphasis added, of course.
Summers is, in the broader world, a lightning rod for controversy. But inside the Obama administration's economic team, he enjoys universal support. This suggests that the economic team around Obama is intellectually closed.
http://www.cnbc.com/id/101004774
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