Usually The Special Interests Lobby For a Fed Chair Candidate in Private

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In this case, one of the most powerful special interests did it in public.

Janet Yellen has won the backing of U.S. labor leaders, including the head of the AFL-CIO, to be the next Federal Reserve chief over Larry Summers because of her support for central bank policies promoting full employment.

Yellen or Summers we’re still moving in the wrong direction.

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