Does Larry Summers Have Inside Track as Fed Head?

July 29 (Bloomberg) -- Bloomberg's Hans Nichols examines the relationship between President Barack Obama and Lawrence Summers and the influence that has on Obama's choice to replace Ben Bernanke as Federal Reserve Chairman. He speaks on Bloomberg Television's "Market Makers."

Former Yellen Adviser Says Recession a ‘Live Possibility’
56:21 - Chair Janet Yellen said the Federal Reserve still expects to raise interest rates gradually while making it clear that continued market turmoil could throw the central bank off course from the multiple increases that policy makers have forecast for 2016. Andrew Levin, an economics professor at Dartmouth College in Hanover, New Hampshire, and a former policy adviser to Yellen when she was the Fed vice chair, speaks to Bloomberg’s Manus Cranny and Anna Edwards on “Countdown.”
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