If the new Fed chair was being selected by people without names Larry Summers would win hands down. The Post gives us yet another article assuring us that Larry Summers is a good guy that depends almost entirely on unnamed sources.
The article gives us supportive comments from “many of his colleagues,” “people close to Summers,” and “one person who knows Summers.” There is one named source in the piece. That would be Christina Romer, the former head of the Council of Economic Advisers, who opposes appointing Summers as Fed chair.
Most serious newspapers try to restrict the use of unnamed sources to exceptional situations. The reason is that it allows them to use the paper to advance their agenda. Apparently the Post has little interest in such journalistic standards.
Dean Baker is co-director of the Center for Economy and Policy Research. He also writes a regular blog, Beat the Press, where this post originally appeared.