The replacement for Ben Bernanke as Fed chief looks increasingly to be down to Janet Yellen and...

|By:, SA News Editor

The replacement for Ben Bernanke as Fed chief looks increasingly to be down to Janet Yellen and Larry Summers, reports the WSJ. It marks a big catch-up for Summers as Yellen for months was thought to hold the front-runner spot by herself. Summers has been a member of the Obama administration so there's a comfort level within the White House, while Yellen has been a key Fed insider for years.