Washington Post: Some congressional Democrats expressed opposition to former treasury secretary Lawrence Summers replacing Ben Bernanke as Federal Reserve chairman prompting President Obama to defend him.
Washington Post: Some congressional Democrats expressed opposition to former treasury secretary Lawrence Summers replacing Ben Bernanke as Federal Reserve chairman prompting President Obama to defend him.
In a tense exchange with Rep. Ed Perlmutter (D-Colo.) during a closed-door meeting with House Democrats, Obama defended Summers’ role in helping to restore the U.S. economy and “expressed frustration” with a growing negative campaign against him, according to one lawmaker who was present.
Obama also said he “was not even close to making a decision” on who might replace Bernanke, the lawmaker said.
