Lawrence Summers

Former U.S. Treasury Secretary Lawrence Summers warns that the U.S. Dollar may no longer be the sanctuary that investors from across the globe once counted on. What Happened: While speaking on The Call, a podcast by the U.S. Chamber of Commerce last week, Summers pointed to the recent shift in...

Former Treasury Secretary Larry Summers is sounding the alarm on America's fiscal trajectory, placing the blame squarely on President Donald Trump and the GOP’s “One Big, Beautiful Bill.” What Happened: During his appearance on the Politics War Room podcast on Thursday, Summers...

Five former treasury secretaries are taking aim at the Department of Government Efficiency and Elon Musk for alleged overreach and abuse of powers by the new White House administration. What Happened: Musk has been put in charge of leading the Department of Government Efficiency by President Donald...

U.S. tariffs imposed by President Donald Trump on imports from Canada, Mexico, and China are rattling markets and stirring sharp reactions from economists. The measures, which include a 25% duty on most Canadian and Mexican goods and a 10% tariff on Chinese imports, have heightened concerns over...

On Sunday, renowned economist and Obama-era Treasury Secretary Lawrence Summers criticized President Trump’s recent tariff impositions, describing them as a “bully strategy” that could have far-reaching negative impacts. What Happened: In a series of posts on X, Summers voiced his...

Barack Obama-era Treasury Secretary Lawrence Summers criticizes Donald Trump’s proposed tariffs, questioning how they could help fight inflation. What Happened: On Monday, Summers, the former Treasury Secretary, took to X to express his concerns about the proposed tariffs by Trump. Summers...

Ahead of the 2024 presidential election, former Treasury Secretary Lawrence Summers has raised concerns about the economic policies proposed by Donald Trump, warning they could destabilize long-term inflation expectations. What Happened: Summers, a notable economist and former Treasury Secretary...

Lawrence Summers, a prominent economist and an Obama-era Treasury Secretary, has criticized Donald Trump’s economic program and leadership, following President Joe Biden’s decision to withdraw from the 2024 Presidential race. What Happened: In a post on X, on Wednesday, Summers...

The stock market largely took a stronger-than-expected March job report in stride, but an economist warned on Friday that the data could dampen hopes of rate cuts. Neutral Rates: The U.S. payrolls gain in March suggests the economy is re-accelerating, said former Treasury Secretary Lawrence Summers...

In a recent interview on Bloomberg Television’s "Wall Street Week" with David Westin, Lawrence Summers, the former U.S. treasury secretary, shared his insights on the current economic climate. Summers focused on the surprising robustness of the economy amidst the...

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...

Ahead of next week’s Federal Reserve’s monetary policy meeting, former Treasury Secretary Larry Summers sounded a note of caution to central bank officials. What Happened: “The Fed is in broadly the right place of watchful waiting,” said Summers in a Bloomberg interview on...

Harvard University faced backlash from the likes of Sen. Ted Cruz (R-Tex.) and Former U.S. Treasury Secretary Lawrence Summers due to a lack of administrative response to student organizations blaming Israel amid an escalating war with Hamas. What Happened: Several...

Former Treasury Secretary Lawrence Summers reportedly said Federal Reserve policymakers appeared to settle on an inconsistent set of actions this week based on internal dynamics at the apex institution. "I found the Fed's action a little bit confusing," Summers told Bloomberg Television. He also...

Former Treasury Secretary Lawrence Summers reportedly indicated the U.S. economy remains "very, very hot," although not as much as it was six to 12 months ago. "The United States is, today, an underlying 4.5-5% inflation country," Summers said, speaking via video link at the start of the two-day...