Summers, Yellen allies wage behind-the-scenes effort to win Federal Reserve nod

Lawrence H. Summers, one of the top candidates to lead the Federal Reserve, was being beaten up, and his friends from his White House years wanted to help him.

So earlier this month, recently departed Treasury secretary Timothy F. Geithner and other former Obama administration officials joined Summers for a private strategy call, according to people familiar with the discussion.

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Source: Reuters

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