Lawrence Summers

Student loan forgiveness has become a reality for the roughly 48 million Americans currently in debt. President Joe Biden said in a speech on Wednesday the student loan payment moratorium would be continued for one final time through Dec. 31. Americans who have loans owned by the...

The gap between Black and white unemployment has persisted for decades in the U.S. The Economic Policy Institute, a think tank dedicated to laborers, wants to change that. Its proposal: run the economy hot, giving more attention to unemployment rather than inflation and thereby helping...

During his campaign, President-elect Donald Trump dissed about half of the United States’ major corporations, and Goldman Sachs Group Inc (NYSE: GS) was not exempt from his rage – pretty much the opposite. Trump repeatedly promised to “drain the swamp,” making reference to...

Famed economist and President Emeritus of Harvard University Lawrence Summers was a guest on CNBC's "Squawk Box" segment on Wednesday to offer his expert take on President-elect Donald Trump's economic policies. Flaws In Trump's Infrastructure Plan One of Trump's main economic policies was to spent...

The cover story in this weekend's Barron's took a look at the outcome of the 2016 Midyear Roundtable. The panel of market experts offered 24 smart investment ideas and predictions for the rest of the year. Another article pondered whether a Trump presidency would be good, bad or neutral for the...

Benzinga got a sneak peek at this Sunday’s Wall Street Week. The show will feature prominent economist, former Secretary of the Treasury, and President Emeritus and Charles W. Eliot University Professor of Harvard University, Lawrence “Larry” Summers. This article will...

The people at Wall Street Week were kind enough to share a preview of this Sunday’s show with Benzinga. This week, the broadcast will feature prominent economist, former Secretary of the Treasury, and President Emeritus and Charles W. Eliot University Professor of Harvard University,...

Wall Street Week shared a preview of this Sunday’s broadcast with Benzinga. Prominent economist, former Secretary of the Treasury, and President Emeritus and Charles W. Eliot University Professor of Harvard University, Lawrence “Larry” Summers is the guest. He shared his...

While most analysts and money managers expect the Federal Reserve to raise rates, even by 25 basis points this year, former Treasury Secretary and Harvard President Emeritus Lawrence Summers thinks the time is still not right. Summers was on CNBC recently discussing why raising rates early...

The Federal Reserve will begin its two day meeting today, at which most are expecting to see the bank begin to taper its stimulus program by $10 to $15 billion and maintain current interest rates. The Fed is also expected to reiterate its forward guidance, with a 6.5 percent unemployment...

The dollar fell against the euro on Monday morning after news that the former Treasury Secretary Lawrence Summers dropped out of the race to become the new Federal Reserve Chairman in January. The euro traded at 1.3363 at 6:30 GMT on Monday morning. Summers was recommended along with Fed Vice...

Brent crude oil slid below $111 on Monday morning and traded at $110.74 at 7:00 GMT. Prices tumbled after a deal between Russia and the US called off military action in Syria and eased concern about a supply interruption in the Middle East. CNBCreported that over the weekend, US Secretary of State...

President Obama’s top choice to replace the current Federal Reserve Chairman Ben Bernanke has dropped out of the race. Lawrence Summers withdrew on Sunday after weeks of criticism for being too close to Wall Street and a reputation for being abrasive. The news put Fed Vice Chairman Janet...

When Obama chose his economic team upon winning the presidency, the most remarkable thing was how unremarkable his choices were. Most of the team were left over from the Clinton Administration. Bill Clinton and his administration failed to tackle most of the really hard problems facing our nation...