Larry Summers

Former Treasury Secretary Lawrence Summers say the Fed can pull off a soft landing, but warns that it would be a "big mistake" to think that the economy is "out of the woods".  In an interview on CNN's "Fareed Zakaria GPS" Summers said it "...

Former Treasury Secretary Lawrence H. Summers is keeping his eyes peeled for the "most important number for the week" ahead of the Federal Reserve's inaugural Federal Open Market Committee meeting this year. What Happened: In a very full economic calendar this week,...

Former Treasury Secretary Lawrence H. Summers believes if one looks at the history of developed nations in the 1970s, it is clear that prospects of bringing down inflation are not very encouraging. What Happened: “The history of developed countries since 1970 is very discouraging...

Former Treasury Secretary Lawrence Summers reportedly said it would be "catastrophic" and "inconceivable" for the United States to default on its debt. Summers comments come in the backdrop of a looming crisis as the day on which the debt ceiling is expected to...

Former Treasury Secretary Lawrence H. Summers expressed his concerns in October 2022 over the decision of OPEC+ after the alliance reduced its output by 2 million barrels per day, a decision that has not gone well with the Biden administration. “This is not good news from OPEC. It...

Former Treasury Secretary Lawrence H. Summers commended President Joe Biden in November 2022, saying one has to go back to John F. Kennedy’s times to find a Democratic president whose first mid-term elections went as well as Biden’s did. It looks like you have to go back...

Former Treasury Secretary Lawrence Summers said he maintains his view that inflation cannot be brought down to the 2% range without getting wage inflation substantially down. "You don't get wage inflation substantially down without meaningful slack in the labor market and we don't have...

Former Treasury Secretary Lawrence Summers on Friday offered his outlook for the market and geopolitical environment in an interview with “Bloomberg Markets And Finance.” Different Financial Era: When probed on the economic and market outlook for 2023, Summers said it’s going to...

After former Treasury Secretary Lawrence Summers questioned the House GOP’s intent to end “unnecessary” federal programs, which includes cutting down $80 billion in funding for the Internal Revenue Service (IRS), former Secretary of Labor Robert Reich has also sounded out his...

Former Treasury Secretary Lawrence Summers has questioned House Republicans' intent to prioritize ending “unnecessary” federal programs, including cutting down $80 billion in funding for the Internal Revenue Service. “I just learned @HouseGOP's first...

Former Treasury Secretary Lawrence H. Summers believes the rest of the world will suffer greatly if the United States does not control inflation and rates ultimately rise far above current levels, much like how things unfurled in the early 1980s. Citing his column in the...

‘The Big Short’ investor Michael Burry believes that even though inflation has peaked, it is not the last peak of this cycle as a recession would lead to further government stimulus, leading to another spike in price rises. What Happened: “Inflation peaked. But it is not the last...

Former Treasury Secretary Lawrence H. Summers said that former President Donald Trump, in many ways, set the stage for the inflation that the U.S. is witnessing and criticized Republicans over their "irresponsible" stance over the debt limit. “Going back to...

2922 certainly didn't do well in the diaries of optimistic market commentators and forecasters, including ones who thought inflation and the market rout would be short-lived. Not only was inflation persistent, but it also made the Federal Reserve look like it was late to the...

The news flow over the holiday weekend was very light as investors take stock of a year that was ravaged by multiple headwinds. The market direction in the final trading week, some geopolitical developments and the look ahead for 2023 predominated the chatter over the weekend. Here's a recap of...