Markets React to Summers’ Withdrawal, Syrian Agreement, Bavarian Election and Draghi Remarks

September 16, 2013

Larry Summers took his name out of contention to be the next Federal Reserve chairman.  So has Tim Geithner.  Presumably Janet Yellen will get the nod, but Donald Kohn remains a dark horse in the race.  Conclusion is that normalization of Fed policy will proceed more slowly has lifted stocks and depressed bond yields. The […] More