Bill Clinton Backs Yellen for Fed While Defending Summers’s Past
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Former President Bill Clinton said Janet Yellen would be “great” as the next chairman of the Federal Reserve and defended Larry Summers, who withdrew his name from consideration amid lawmaker opposition.
“I also consider Janet Yellen a friend and I think she has shown good judgment,” Clinton said on CNN’s “Fareed Zakaria GPS” program. “She’s been right on everything that’s happened in this whole aftermath of the financial crisis. So if she gets the job, I’ll be thrilled, too.”