Lawrence Summers

• Economy at Riskiest Point in a Decade, Lawrence Summers Says

  The U.S. and world economies are at their riskiest moment since 2008 as trade tensions continue to grow, Lawrence Summers says.

• Summers Calls Fed Monetary Policy ‘Broadly Appropriate’ for Now

  Former Treasury Secretary Lawrence Summers backed the Federal Reserve’s current monetary policy stance.

• All Around the World, Central Bank Independence Is Under Threat

  Independent central banks were better at controlling inflation without damaging output or employment, says study.

• Summers Says `Brittle' World Economy Not Ready for a Slump

  Consequences of downturn would dwarf risk from higher inflation.

• Summers Compares Trump's Amazon Attack to Italy Under Mussolini

  Larry Summers compared Trump’s Amazon attacks to Italy under Mussolini.

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  India's Stand on Climate Change Right, Says Professor Lawrence Summers

  The climate has become warmer due to emissions from industrial countries and India is right in protesting against taking binding commitments that can keep it poor, an eminent economist has said.

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  Indian Economy Can Grow at 9% for a Decade: Lawrence Summers

  India has the potential to grow at 9 per cent for a decade and 8 per cent in subsequent years if the country takes bold reform measures, eminent economist and Harvard University professor Lawrence Summers said on Saturday.

• How will Janet Yellen shape Fed's policy on tapering?

  Federal Reserve Vice Chair Janet Yellen, President Barack Obama's pick to lead the U.S. central bank, said on Wednesday that strengthening the economic recovery and boosting employment would be priorities if she is confirmed as Fed leader.

• Rupee falls most in 2 weeks; Fed policy outcome in focus

  Although the anticipated trimming of the Fed's massive bond purchases has caused some apprehension, markets expect a much longer road to rate hikes after former Treasury secretary Lawrence Summers dropped out of the race to become its next chief.

• Rupee soars to 62.50 per dollar, Sensex jumps 350 points

  The partially convertible rupee traded 1.5 per cent higher as against Friday's close of 63.49. The Sensex traded above the key 20,000 mark, while the Nifty surged over 100 points to edge above the 5,950 levels.

• Summers out of running for Federal Reserve chief

  After weeks of opposition to his candidacy from an array of progressives, the president's inability to rally congressional Democrats on Syria persuaded Summers that his most important audience - the Senate, which must confirm a Fed chairman - probably could not be won over.

• Dollar slips, shares rally as Summers steps aside

  Summers' surprise decision comes just before the central bank meets on Tuesday and Wednesday to decide when and by how much to scale back its asset purchases from the current pace of $85 billion a month.

• Major players in the Lehman story

  Five years ago, a series of black cars and SUVs lined up outside the Federal Reserve Bank of New York in lower Manhattan, ferrying some of the most important people in the US financial system to a series of meetings to discuss the fate of Lehman Brothers.

• Will smart machines create a world without work?

  They seem right out of a Hollywood fantasy, and they are: Cars that drive themselves have appeared in movies like "I, Robot" and the television show "Knight Rider."

• Renminbi unlikely to replace dollar: Former US Treasury Secretary

  Chinese currency renminbi is unlikely to supplant the US dollar as the world's reserve currency in the near term, former US Treasury Secretary Lawrence Summers said today.