Via The Hill:
President Obama on Wednesday defended Larry Summers from liberal criticisms that the former-Treasury secretary is unfit to head the Federal Reserve.
Addressing House Democrats in the Capitol, Obama emphasized that he has not decided who will replace outgoing Fed Chairman Ben Bernanke when he steps down at the end of his current term, according to numerous lawmakers in the room.
But the president also conveyed the message that Summers, who’s on the short list of candidates, has been mistreated by some liberals and media outlets. The New York Times, for instance, gave Yellen a strong endorsement in a recent editorial.
“He gave a full-throated defense of Larry Summers and his record in helping to save the economy in the dark days of ’09,” Rep. Gerry Connolly (D-Va.) said after the meeting. Obama, Connolly added, “felt that Larry had been badly treated by some on the left and in the press.”
Rep. Brad Sherman (D-Calif.) said Obama told the Democrats “not to believe everything you read in the Huffington Post” – a reference to the liberal website that’s been critical of Summers’ record.