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Summers Seen Prone to Tighter Credit Than Yellen in Global Poll

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Former Treasury secretary & Harvard President Lawrence Summers
Lawrence Summers, former Treasury secretary and president of Harvard University, was seen as a long-shot, with only 4 percent of investors saying he was likely to be President Barack Obama’s pick. Photographer: Joshua Roberts/Bloomberg

Sept. 12 (Bloomberg) -- Lawrence Summers would keep Fed policy tighter than Janet Yellen, his main rival to replace Chairman Ben S. Bernanke, according to a Bloomberg Global Poll. * 35% of investors, analysts and traders who are Bloomberg

subscribers say Summers may provide less stimulus than

Bernanke, whose chairmanship ends in January; 13% see

Summers with looser policy, 22% say it’d be the same * 47% see Yellen presiding over the same policy as Bernanke,

with 17% saying it’d be looser and 8% saying tighter * The poll, conducted Sept. 10, showed 40% of respondents see

Summers getting the job, compared with 33% for Yellen, the

Fed’s vice chairman

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