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Obama Releases Statement On Larry Summers' Withdrawal From Fed Chair Candidacy President Barack Obama has released a statement on Larry Summers' stunning withdrawal of his name from consideration to be the next chair of the Federal Reserve Board.  Here's the statement: "Earlier today, I spoke with Larry Summers and accepted his decision to withdraw his name from consideration for Chairman of the Federal Reserve. Larry was a critical member of my team as we faced down the worst economic crisis since the Great Depression, and it was in no small part because of his expertise...
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