Larry Summers

January 23 marked a historic event for the Federal Reserve, the monetary institution which has seen its share of historic events since the onset of the financial crisis in 2007. However, as of the week ended January 23, the Fed's balance sheet grew to $3 trillion for the first time ever, the...

Futures Rise on Chinese Strength, Stimulus Hopes U.S. equity futures rose slightly in early Monday trade following news out of China that Chinese authorities will now allow direct investment of foreigners in stocks, bonds, and other financial assets. The news is just another step in China's...

U.S. equity futures were flat in pre-market trading for the third straight day despite stronger than expected industrial production data from China, a proxy for growth. The National Bureau of Statistics in China reported that industrial production grew at an annualized rate of 9.6 percent, better...

Federal Reserve Chairman Ben Bernanke, who has held that role since taking over for Allan Greenspan in 2006, looks set to step down in January 2014 at the end of his existing term. Bernanke has indicated to close friends that even if he were nominated, he would turn the job down and return to...

In a tweet from Zero Hedge, there are rumors that Evercore's (NYSE: EVR) Roger Altman could replace Larry Summers as the chairman of the National Council of Economic Advisers.

Charlie Gasparino just tweeted that he might know who is replacing Larry Summers as the head of the National Economic Council. He is on FBN at 12 p.m. with the details.

National Economic Council director Larry Summers is expected to leave the White House after midterm elections, reports Bloomberg. If Summers does indeed leave the White House, it would leave Treasury Secretary Tim Geithner as the lone original member of President Obama's economic team. In recent...