What's happening in monetary policy and macroeconomics.
Sunday, September 15, 2013
Here is the letter from Summers to the President, withdrawing his name. We certainly can't say that Summers is incapable of doing the right thing at the right time. I'm sure there are some sighs of relief in the Federal Reserve System. I would think Janet Yellen's appointment is all but assured, but the Washington Post doesn't think so.