Weighing Choice for Fed, Obama Offers His Party a Defense of Summers

Facing dissent from Congressional Democrats, President Obama on Wednesday offered a strong defense of his potential choice of Lawrence H. Summers to head the Federal Reserve, though he said no final selection had been made.
For the first time, he offered up the names of three possible successors to the current Fed chairman, Ben S. Bernanke: Mr. Summers, a former senior economic adviser to the president; Janet L. Yellen, the Fed’s vice chairwoman; and Donald L. Kohn, a former Fed vice chairman. Mr. Obama said he would probably make the decision this fall. 
Weighing Choice for Fed, Obama Offers His Party a Defense of Summers