Will interest rates benefit as Summers withdraws from consideration?

In a surprise move Larry Summers has withdrawn from consideration as Chairman of the Federal Reserve.  Interest rates are a tad bit improved to start the week as Mr. Summers was seen as someone who would end QE sooner rather than later.  Until the Fed concludes it’s meeting this Wednesday it is unlikely that this will cause a dramatic change in mortgage interest rates and bond yields.   It should however assist with clarity on how the Fed will conduct business once President Obama nominates a candidate for the position.  It is widely believed the position is one of the most powerful positions in the world if not the most powerful.