HOUSE DEMOCRAT: Obama Just Gave A 'Full-Throated Defense' Of Larry Summers, And Said He Was Being Unfairly Attacked
REUTERS/Carlo Allegri Amid growing liberal and Democratic opposition to the possibility of Larry Summers as chairman of the Federal Reserve, President Barack Obama gave a "full-throated defense" of him to a group of House Democrats in a closed-door meeting.
Rep. Gerry Connolly (D-Va.) told reporters of Obama's defense. According to Bloomberg, Rep. Brad Sherman (D-Calif.) said that Obama also told House Democrats that Summers has been "unfairly criticized."
Sherman also said Obama hasn't made a decision on the next Fed chair, but that he "took a minute to stand up for Larry Summers."
Politico's Ben White reported today that Summers is still the front-runner over Janet Yellen, who has become the popular choice of Congressional Democrats.