Larry Summers, former U.S. Treasury Secretary and economic adviser to President Obama, predicted the economy will "almost certainly" experience a "downturn" in the near future.

The Fed probably can't take rates as low as it would like to, according to Larry Summers. Summers pointed to the Fed's target of 2.9% for the so-called neutral rate. But taking the neutral lower ...

One month after Biden took office, Larry Summers raised the alarm that the $1.9 trillion COVID-19 stimulus plan could cause “inflationary pressures of a kind we have not seen in a generation.” ...

Talk of recession and mass unemployment is all over the news --- and former Democratic Treasury Secretary Larry Summers is the chief reason why. He said the U.S. needs several years of high ...

Larry Summers appeared on the cover of Time magazine in 1999 as part of “The Committee to Save the World” from a global financial crisis. Nearly 15 years later, the former Treasury Secretary ...

Larry Summers: What I find problematic are the broad doctrines put forward rejecting the trade approaches of the last 40 years, calling for an emphasis on manufacturing and “buy America” as ...

Former Treasury Secretary Larry Summers issued a stark warning to President Donald Trump, urging the latter to retreat on the taxes, as he did with the tariffs. What Happened: On Wednesday, in a ...

Larry Summers, born in 1954, is a distinguished American economist who served as the Secretary of the Treasury under President Bill Clinton and as the Director of the National Economic Council for ...

Summers's final performance was very much in character. He arrived 10 minutes late for the speech, his suit jacket open, his shirt pulling tightly at the buttons, his suitpants stained on one of ...

Meanwhile, Summers, who served as an economic adviser to President Barack Obama, has argued that unemployment will have to rise to at least 5% to successfully tackle inflation — and potentially ...

According to a friend of Summers’s, Harvard had wanted him earlier that year, but the university’s rules required him to have a Ph.D., and although he had finished his graduate work in 1979 ...