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Friday, Sep 13
Nikkei: Obama to name Summers as next Fed chief
- President Obama plans to name Larry Summers as the next Chairman of the Federal Reserve, Japan's Nikkei (of all the news organizations) reports, citing sources.
- An announcement could be made late next week after the FOMC finishes its latest policy meeting
- Undersecretary Lael Brainard, who was an economic adviser in the Clinton administration, is set to be appointed as the Fed's vice chairman.