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Summers Pulls Out Of Running To Be Federal Reserve Chief

Citing what he calls an &quot;acrimonious&quot; confirmation process, Lawrence Summers called President Obama to tell him of his decision not to seek the job of Federal Reserve Chairman Sunday<em>.</em> (AFP/Getty Images)
Citing what he calls an "acrimonious" confirmation process, Lawrence Summers called President Obama to tell him of his decision not to seek the job of Federal Reserve Chairman Sunday. (AFP/Getty Images)

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