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WASHINGTON - APRIL 09: Lawrence Summers, Director of President Barack Obama's National Economic Council, participates in a question-and-answer session during a luncheon with the Economic Club of Washington at the J.W. Marriott April 9, 2009 in Washington, DC. Summers spoke to the club about the current state of the nation's economy and the Obama administration's efforts to address the crisis. (Photo by Chip Somodevilla/Getty Images)
WASHINGTON - APRIL 09: Lawrence Summers, Director of President Barack Obama's National Economic Council, participates in a question-and-answer session during a luncheon with the Economic Club of Washington at the J.W. Marriott April 9, 2009 in Washington, DC. Summers spoke to the club about the current state of the nation's economy and the Obama administration's efforts to address the crisis. (Photo by Chip Somodevilla/Getty Images)

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Larry Summers withdraws from Fed race

Larry Summers withdraws his name from consideration to be the next chairman of the Federal Reserve.

Larry Summers withdraws from Fed race

Larry Summers withdraws his name from consideration to be the next chairman of the Federal Reserve.