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Should Obama pick Larry Summers to head the Fed?

"Right now, President Obama is grappling with one of the most important decisions of his second term: whom to appoint to be the next chairman of the U.S. Federal Reserve. That person will play an outsized role in determining how the economy works over the next several decades. With rumors circulating that former Treasury Secretary Larry Summers is now the frontrunner, overtaking previous favorite Janet Yellen of the current Fed board, it’s important to understand everything the next chair will have to accomplish.

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