Lawrence Summers

Summers errs in his approach to climate change and underdevelopment on two counts, at least. He fails to recognise the centrality of carbon dioxide removal from the atmosphere in combating climate change, and he ignores the challenge to development posed by coordinated policy rate increases in the developed world

Global market risk is building like in August 2007, Lawrence Summers says

“We’re living through a period of elevated risk,” Summers told Bloomberg Television’s “Wall Street Week” with David Westin. “In the same way that people became anxious in August of 2007, I think this is a moment when there should be increased anxiety.”

Larry Summers says Fed forecasts look ridiculous, warns on rate delay

Summers spoke after a report showed that consumer prices jumped 8.6% in the year to May, the most in 40 years and exceeding forecasts.

Larry Summers says 'won't be prudent' for Fed to not hike

Lawrence Summers, Former Treasury Secretary of the United States and President Emeritus of Harvard University, today called for the Federal Reserve to up its interest rate for the first time in nine years, saying it would be prudent to do so.

Is the Fed taper starting to look more distant?

Economic data out of the world's largest economy has disappointed in recent months, and last week the Fed reduced its growth projections for this year and next.

Fed blasts White House handling of Bernanke success

President Barack Obama's effort to settle on a candidate to succeed Fed Chairman Ben Bernanke when his term expires in January became front-page news after leaks that suggested former Obama adviser Lawrence Summers was the preferred candidate.

Wall Street up on Summers' withdrawal; Obama curbs gains

Investors cheered former Treasury Secretary Lawrence Summers decision to withdraw as a candidate for Federal Reserve chairman, as the move likely means an easier path for the eventual nominee for Fed chief, and it also has added to expectations that the Fed will continue its current accommodative path.

Mkts prepared for Fed tapering; prefer PIGS now: SocGen

Patrick Legland of Societe Generale says that among European markets, he is now preferring the peripheral nations like Portugal, Italy, Greece and Spain as they are gaining in terms of competitiveness.

Lawrence Summers withdraws from Fed chair consideration

Summers, widely regarded as a brilliant economist and a shrewd and decisive policy-maker, was considered to be the front-runner for the position to replace Bernanke, whose second term expires in January.

Already a millionaire? Likely next Fed chair already is

Lawrence Summers and Janet Yellen are the favourites for the top Fed chair. While Yellen holds assets worth between USD 3.8 million and USD 11.1 million, Summers holds between USD 7.2 million and USD 24.5 million

Summers the favorite in bets for Fed chair; Yellen lags

Former US Treasury Secretary Lawrence Summers has the inside track in the race to succeed Ben Bernanke as chairman of the Federal Reserve, betting at a popular online bookmaker suggests.

Obama says Summers, Yellen, others in running for Fed chair

President Barack Obama said on Friday that Lawrence Summers and Janet Yellen were both highly qualified to be the next chair of the US Federal Reserve, but stressed that there was a "range of outstanding candidates" for this vital job.