- 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.
Nikkei: Obama to name Summers as next Fed chief
Sep 13 2013, 02:06 ET