Why Larry Summers Won’t Lead the Fed

Allie Jones writes for The Atlantice: “After an unusually divisive few months leading up to President Obama’s Fed chair nomination, Larry Summers decided he didn’t want to be considered for the job anymore. Summers was considered to be Obama’s top pick for the post, but a lot of Democrats, not to mention women’s groups, actively campaigned against him. What ultimately derailed Summers’ candidacy was his record on deregulating the financial services industry, but the story that got all the attention was sexism.”