Larry Summers

Former Treasury Secretary Larry Summers has defended the proposed takeover of United States Steel Corp. (NYSE:X) by Japan’s Nippon Steel Corp. (OTCPK: NISTF) despite the Biden administration’s national security apprehensions. What Happened: As reported by Bloomberg, Summers dismissed...

Former Treasury Secretary Larry Summers, on Friday, offered his take on the economic policies the two frontrunners in the presidential race will likely pursue if they are elected for a second term. Biden’s Sound Activist Approach: “This is probably the most consequential presidential...

Former Treasury Secretary Larry Summers said on Friday that inflation continues to remain the most important risks in the year ahead. Inflation Risk Lingers: The outcome as far as inflation is concerned came closer to the prediction of Team Transitory, said Summers in an interview with Bloomberg....

Donald Trump has taken a commanding lead in the Republican presidential primary and appears to have the edge in a hypothetical one-on-one matchup with President Joe Biden, according to several opinion polls. Amid this news, Larry Summers weighed in on what a potential Trump win would mean for the...

Larry Summers says a soft-landing scenario is not a guaranteed outcome as inflation still remains out of bounds. The Federal Reserve may have hinted at a potential soft-landing, but economist and former Treasury Secretary Larry Summers is not in full agreement with the central bank. What Happened...

The financial markets received this week tamer producer and consumer prices inflation with a lot of verve, as is seen from the rally in most risky bets. Former Treasury Secretary and economist Larry Summers, however, suggested that the inflation fight may not have been won yet. What Happened:...

Former Treasury Secretary, Larry Summers, has suggested the Biden administration utilize frozen Russian assets to financially aid Ukraine, rather than drawing from the U.S. budget, Business Insider reported.  Summers highlighted the financial and political implications of funding Ukraine...

Former Treasury Secretary Larry Summers has cautioned against excessive optimism, suggesting there’s a risk that the U.S. may struggle to manage inflation without steering towards an economic downturn, Bloomberg reported. Summers noted that the Federal Reserve may need to increase...

All eyes are on Federal Reserve Chair Jerome Powell as his much-anticipated Jackson Hole speech approaches, poised to be a major market catalyst this week. Renowned economist and former Treasury Secretary Larry Summers has stepped into the spotlight, offering his insights on...

As some economists are lauding the Federal Reserve for closing in on victory in its inflation fight, former Treasury Secretary and economist Larry Summers reminded Americans that the inflation scare is far from over. The economist shared a chart of the annual U.S. consumer price inflation dating...

Following a string of negative economic readings from China, the unanimous opinion among economists is that China is finally hitting a wall. Former Treasury Secretary Larry Summers recently weighed in on the economy's slackness and explained why a wounded China is a grave threat to the U.S. US...

Recent economic data from China this week revealed more cracks in its economy, and former Treasury Secretary Larry Summers and Willett Advisors’ Steve Rattner both recently shared their views on the latest developments. What Happened: In an interview with Bloomberg's Wall Street Week on...

Former Treasury Secretary Larry Summers expressed concerns about the U.S. becoming a target for China’s mounting frustrations, emphasizing the need for the U.S. to tread cautiously. What Happened: Summers retweeted a statement he made during Bloomberg‘s show “Wall Street Week...

Lawrence Summers, who previously served as the U.S. treasury secretary in the Clinton administration, has recently voiced concerns regarding the potential rise in 10-year yields, anticipating them to be significantly higher than what we’ve seen in the last 20 years. The expected increase in...

While former Treasury Secretary Lawrence Summers said that the likelihood of a soft landing for the U.S. economy has improved compared to previous assessments, he voiced concerns over the potential resurgence of inflationary pressures. What Happened: In an ...