Larry Summers

Former Treasury Secretary Larry Summers said that the crisis surrounding Silicon Valley Bank would result in "severe" consequences for the innovation sector of the U.S. economy if regulators don't handle the bank's collapse smoothly.  In an interview...

Former Treasury Secretary Lawrence Summers believes inflation is not yet on a secure glide path that could take it anywhere near the targeted 2% level and said he would not be surprised if the Fed Funds rate hit 6%. "So, my guess is that rates are going to reach a higher level than the market is...

Stocks could pause on Monday after returning to winning ways in the past week, as the focus shifts to Fed Chair Jerome Powell’s two-day Congressional testimony this week. Cues From Last Week’s Trading: U.S. stocks advanced in the week ended March 3, with the S&P 500 Index snapping...

The market is rooting for the Fed to end its string of rate hikes sooner than later, as evident from the resilience seen in recent sessions. One economist thinks the Fed needs to be flexible with its policy options and remain open-minded What Happened: The recent robust data points may warrant a...

Here's a recap of a few major headlines that hit the wire over the weekend as investors take stock of the stalling of the market rally and plot their next moves.  1. Berkshire’s Earnings, Buffett’s Letter: Billionaire investor Warren Buffett-led Berkshire Hathaway, Inc....

Former Treasury Secretary Lawrence Summers believes the funds needed to build back Ukraine should come from Russian State assets, just like the Vladimir Putin-led nation had seized German assets during the second world war for its own reconstruction. "Russia took German assets to pay for its...

Former Treasury Secretary Lawrence Summers reportedly highlighted the absence of past examples in which the U.S. managed to avoid a recession when the unemployment rate fell below 4% and inflation rose above 4%. "That's a powerful historical truth and I think it's one that's relevant to our current...

Here's a recap of a few major headlines that hit the wire over the long weekend due to Monday’s Presidents' Day holiday. 1. Biden Visits Ukraine: President Joe Biden, who has been one of the staunchest supporters of Ukraine in the latter's conflict with Russia, paid a...

The past week’s strong data points got experts talking about “higher rates for longer.” Former Treasury Secretary Larry Summers offered his take on the data and the near-term trajectory of the Fed funds rate. What Happened: The Fed has been trying to put the brakes on, and it...

Former Treasury Secretary Lawrence Summers believes Tuesday's consumer price index report will be crucial in determining whether there has been any complacency about inflation. "There are a lot of different things that could happen with that number and that will be a first reading on whether there...

A spy thriller that continues to play out, Super Bowl Sunday and experts’ takes on markets and economy predominated the weekend’s news flow. Here's a recap of a few major headlines that hit the wire over the weekend: 1. More Sightings, More Shootings: After the first alleged...

The Fed's fight against inflation is far from over, and it's not yet time to claim a victory, former Treasury Secretary Larry Summers said this week. What Happened: The Fed understands the future is uncertain, and it is determined to do what is necessary for a substantially uncertain...

Former Treasury Secretary Lawrence Summers has some advice for President Joe Biden regarding the debt ceiling — stay strong. On being asked what his advice would be to Biden during an interview with CNN’s Fareed Zakaria, Summers said he would tell the...

It was hardly a slow-news weekend as the U.S. took some coercive action on the Chinese spy balloon hovering in its airspace, and Turkey and Syria suffered a horrendous earthquake that claimed hundreds of lives. On the business side of things, Apple Inc. (NASDAQ: AAPL) looks like it's coming up...

Former U.S. Treasury Secretary Lawrence Summers believes Friday’s jobs report is a huge miss from the consensus and the labor market is running very different than lots of other indicators in the economy that are showing some signs of real slowing. What Happened: “One idea would be that...