Larry Summers Withdraws From Fed Consideration04:11
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Lawrence Summers (left) withdrew his name from consideration as Chairman of the Federal Reserve. Janet Yellen (right) is emerging as the favorite to take the Chariman position. (AP)
Lawrence Summers (left) withdrew his name from consideration as Chairman of the Federal Reserve. Janet Yellen (right) is emerging as the favorite to take the Chariman position. (AP)

Former Treasury Secretary Larry Summers has withdrawn his name from consideration to replace Federal Reserve Chairman Ben Bernanke.

Federal Reserve Vice-Chair Janet Yellen is emerging as a favorite to take the job.

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This segment aired on September 16, 2013.

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