*Administration of Barack Obama, 2013 *

**Statement on the Withdrawal of Lawrence H. Summers From Consideration To Be Chairman of the Federal Reserve **

*September 15, 2013 *

Earlier today I spoke with Larry Summers and accepted his decision to withdraw his name from consideration for Chairman of the Federal Reserve. Larry was a critical member of my team as we faced down the worst economic crisis since the Great Depression, and it was in no small part because of his expertise, wisdom, and leadership that we wrestled the economy back to growth and made the kind of progress we are seeing today. I will always be grateful to Larry for his tireless work and service on behalf of his country, and I look forward to continuing to seek his guidance and counsel in the future.

*Categories:* Statements by the President : Federal Reserve Chairman, withdrawal of Lawrence H. Summers from consideration as nominee*.*

*Names:* Summers, Lawrence H.

*Subjects:* Economy, national : Strengthening efforts; Federal Reserve System.

*DCPD Number:* DCPD201300630.