September 22, 2010Summers to Leave Obama's Economic Team
Top White house economic adviser Lawrence Summers announced he will step down (NYT) at the end of the year, allowing President Obama to reshape his economic team after midterm elections. The Federal Reserve said Tuesday it was prepared to do more to help the flailing U.S. economy (AP) but stopped short of announcing specific measures.
This Analysis Brief examines the impact of recent unfavorable economic indicators on the Obama administration's struggle to show its economic policies are helping U.S. and global growth.
Brazil: Brazil's central bank stepped up its U.S. dollar purchases (MercoPress) to the highest level in nearly a year, aimed at staving off sharp gains in the real against the greenback that make Brazilian exports more expensive.
White House adviser Summers Stepping Down ... Let the Games Begin ...
