Scoreboard: Summers' solstice

What Larry Summers' decision changes for the Fed is unclear, but global investors were still excited by the unusual move in finance heavens.

Larry Summer’s withdrawal from the race to the Fed Chair seems to have caused a stir. It’s fair to say that the new front runner, Board Governor Yellen, is extremely dovish and has been key in watering down the Federal Reserve’s ‘economic targets’ for over a year now. What her appointment would actually change is unclear though – I don’t think much.

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