Politics May Undermine Best Successor to Summers

Summary


The chairman of the National Economic Council is the gatekeeper to the Oval Office for economic information, and principal adviser to the president on policies for economic recovery.

He prepares the daily brief on all the economic data journalists and analysts report and write about. Hence, replacing him with someone from industry, for example Anne Mulcahy, former chief executive of Xerox, would be a mistake even if that is likely to happen.

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Extract


Politics May Undermine Best Successor to Summers

Simply, Mulcahy does not have the background to effectively advise the president on the intricacies of topics ranging from t...

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