Report: Larry Summers Quitting in a Huff After Not Getting Fed Chairman Job


Charlie Gasparino is reporting that White House economic adviser Larry Summers is “unhappy in his job” and “is suggesting in conversations that he may leave the administration by the end of the year.” The White House denies it, and there are no apparent reasons why Summers might give up the gig. But Charles knows from workplace unhappiness, and he has a few ideas about what might have gotten the old man’s goat.

It’s unclear why Summers might be looking to leave the administration — though there’s been some speculation that he wanted to be appointed Federal Reserve Chairman. President Obama recently supported Ben Bernanke’s Congressional approval for a second term as Fed chief.

Also, the transfer of focus from health care to financial regulation would seriously interrupt his nap schedule.

Larry Summers May Be Leaving Obama Administration [FBN]