Lawrence Summers

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...

Former Treasury Secretary Lawrence Summers has expressed hope the debt ceiling agreement between President Joe Biden and House Speaker Kevin McCarthy would pass Congress but indicated he is skeptical about the provisions regarding the Internal Revenue Service (IRS). "I am glad that the #...

Former Treasury Secretary Lawrence Summers reportedly said it’s not right to kidnap and hijack the financial credibility of the United States to make a point about deficit and fiscal policies. "So the right thing to do is to move on with this. And look, the people who say we have got real...

Former Treasury Secretary Lawrence Summers reportedly said the new debt ceiling deadline of June 1 is unwelcome, but not unexpected and that "we just have to rely on fear to do the work of reason." What Happened: "We knew that this day would come. We have seen for the last few weeks tax collections...

Japan’s top brokerage Nomura has reportedly projected the Federal Reserve will cut interest rates next week and will halt quantitative tightening as policymakers evaluate financial stability risks in the wake of the Silicon Valley Bank collapse. What Happened: Nomura analysts had earlier...

Certain Republicans have been calling for the abolition of the Internal Revenue Service (IRS). The 160-year-old federal agency, which oversees federal tax collection in the U.S. and implements tax laws, has been recently plagued with issues, including a reduction of workforce and budget constraints...

Former Treasury Secretary Lawrence Summers said on Friday that the Fed’s job in corralling inflation is closer to being done, and also mentioned one important imminent macroeconomic indicator to monitor. What Happened: The good part of the news is that there has been some wage...

Last month, Blockworks hosted its Digital Asset Summit (DAS) at the Royal Lancaster Hotel in London, England. During this event, builders, financiers and enthusiasts gathered to speak about the new world of finance and cryptocurrency that’s still developing. At the time, the markets were...