Monetary Policy Back In Focus For Next Fed Chair Contender

Law360, New York (September 16, 2013, 8:26 PM EDT) -- Critics bristled at Lawrence Summers' record on financial regulation when he surfaced as a front-runner for Federal Reserve chairman, but now that Summers has bowed out, analysts expect bank regulation to take a backseat to monetary policy as lawmakers size up a potential successor to Ben Bernanke.

Democrats in the U.S. Senate suspected Summers — who led the charge for deregulation during the Clinton administration — would not be tough enough on banks, and their opposition helped sink the former Treasury secretary's candidacy for the Fed...
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