Economy Now

Instant reaction and smart charts on economic trends.

Economists react as Summers drops out of Fed chair race

September 15, 2013: 10:40 PM ET

Move over football tweets. When the news broke Sunday afternoon that Larry Summers had withdrawn his name from the Fed chair race, economists were quick to react on Twitter.

Robert Reich, former Secretary of Labor under President Clinton, spoke highly of Federal Reserve Vice Chair Janet Yellen, who is considered the frontrunner for the position now that Summers dropped out.

Jeff Sachs, director of the Earth Institute at Columbia University, also voiced his support for Yellen.

Meanwhile, University of California, Berkeley economist Brad DeLong continued to defend Summers' reputation.

Justin Wolfers, economist and senior fellow at the Brookings Institution, ranks Yellen as the frontrunner by a long shot, with U.C. Berkeley economist Christina Romer a distant second.

Nouriel "Dr. Doom" Roubini considers former Treasury Secretary Tim Geithner a dark-horse candidate for the position, even though Geithner has told friends he is not interested in the job.

Join the Conversation
About This Author
Annalyn Censky
Annalyn Kurtz
Writer, CNNMoney

Annalyn Kurtz is a senior writer at CNNMoney, where she covers America's jobs crisis, Federal Reserve policy and other economic news. Before joining the site in 2010, she served as a Rotary Ambassadorial Scholar in Prague and interned at Fortune Small Business magazine. @annalynkurtz

Powered by VIP.