Summers Said to Show Interest in Fed Chairman Nomination

Former U.S. Treasury Secretary Lawrence Summers is indicating to President Barack Obama’s Wall Street supporters that he wants to become Federal Reserve chairman, according to people familiar with the matter, as he keeps in touch with senators who would vote on the nomination.

“As a matter of fact, I have a meeting scheduled with him next week,” Senator Max Baucus, a Montana Democrat and chairman of the Finance Committee, said July 9. “I don’t know what’s on the agenda.”