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File 027032

Email Chain About Lawrence Summers Federal Reserve Withdrawal (File 027032)

Email from Ehud Barak to Jeffrey Epstein forwarding Financial Times breaking news about Lawrence Summers withdrawing from consideration as Federal Reserve chair in September 2013, with commentary on implications for the Obama administration.

Summary

Ehud Barak forwards to Jeffrey Epstein a Financial Times breaking news article reporting that Lawrence Summers has withdrawn from the running to become Federal Reserve chair following opposition from Democratic senators. Barak characterizes the withdrawal as "a major blow to a friend" and speculates that Summers will now be available for other opportunities, potentially suggesting Barack Obama might seek to place him elsewhere. The forwarded article details Summers' withdrawal after left-leaning Democrats opposed his nomination due to his association with financial deregulation policies.

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