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Summers' Fed candidacy a ruse: Art Cashin

The feeling on Wall Street is that Larry Summers' candidacy to chair the Federal Reserve may be a bit of a ruse to help vet front-runner Janet Yellen, said UBS's Art Cashin

"No one doubts that Larry Summers is absolutely brilliant, but one thing he is not is a consensus builder, and if you're going to run the FOMC, which is like herding cats, you need to be a consensus builder," Cashin said.

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