Reactions come in from all over to Larry Summers pulling his hat out of the Fed chairmanship ring.
Phil Izzo: Odds now on Yellen, but they've been wrong before. (WSJ)
Felix Salmon: Abrasive Summers is the wrong man to lead any major institution; Yellen should be the choice.
The dollar has begun to slip in global trade on the news; to an eight-month low against pound; euro jumps to $1.337.