Larry Summers Decided to 'Take Off the Gloves' in Fed Chair Campaign

Allie Jones, Aug 21, 2013

Former Treasury Secretary Larry Summers, who has been hanging out in Cape Cod all summer, did not want to campaign for Federal Reserve chair at first. According to The Washington Post's Zachary A. Goldfarb, Summers told his friends "no lobbying" when his name was first batted around to replace Ben Bernanke. Now, Summers has decided to "take off the gloves," and has instructed friends and former colleagues to counter attacks against him.