Summers cancels Citi events, while Fed chief decision pending

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http://www.reuters.com/article/2013/09/14/us-usa-fed-summers-citi-idUSBRE98D0BT20130914

(Reuters) - Former Treasury Secretary Lawrence Summers has pulled out of speaking engagements and other events involving Citigroup Inc while President Barack Obama considers whether to nominate the Harvard economist as the next chairman of the Federal Reserve, the bank said in a statement.

"Mr. Summers has withdrawn from participation in all Citi events while he is under consideration to be Chairman of the Federal Reserve," Danielle Romero-Apsilos, a spokeswoman for the third-biggest U.S. lender, said in a statement e-mailed to Reuters on Saturday.

Summers, a former economic adviser to Obama, has bowed out of a keynote address on global economic challenges at a Citigroup research seminar next month, according to a Bloomberg report.

While Summers is widely thought to be Obama's preferred choice to replace Fed Chairman Ben Bernanke when his term is up in January, an unusually vitriolic public debate has erupted over that possibility in recent months.

[hlthe2b]

1. It's strange.. Even when I had little knowledge of the extent of his nasty dealings, I had a very

visceral reaction to him... He does seem to emote the arrogance for which he has been accused.

If Obama nominates him, I don't know how any can defend the decision.

[KG]

2. oh come on, let's not take a pre-emptive shit on the President.

coz, it's not like he's already done it. let's wait till after after he appoints summers.

[xchrom]

3. !

[marmar]

4. k/r