CNBC's Kelly Evans shares her thoughts on today's market activity at Post 9 including economist Larry Summers speech on QE and what it means to the broader growth of the economy.» Read More
Despite opposition, the White House might still have muscled Larry Summers into the Fed chair but it would have meant cutting deals.
Happy Monday, and R.I.P. Lehman Brothers, five years later. Welcome to the special Larry Summers edition of the six-pack.
President Barack Obama's safest choice is Janet Yellen but keeping Ben Bernanke could still be a possibility, said Tony Fratto, former White House press secretary.
US stock futures surged and interest rates fell after "hawk" Larry Summers bowed out of the race for Fed chief.
The surprise withdrawal of Fed Chairman candidate Summers will likely give risk-on trades, such as battered emerging market currencies, a boost.
Summers has withdrawn his name for consideration to succeed Ben Bernanke as Fed chief. Futures jumped 1% following the news.
Fed contender Larry Summers, who has been criticized for being too cozy with Wall Street, has canceled all events with Citigroup while Obama mulls his decision.
Jon Tester is the latest member of the Senate banking committee to say he'd vote "no" on Larry Summers if President Obama nominated him for Fed chief.
President Obama is still said to favor Larry Summers as the next chairman of the Federal Reserve but the pick may still be a couple weeks away.
A report ex-U.S. Treasury Secretary Larry Summers will be named as Ben Bernanke’s replacement as chairman of the Fed sends the dollar up.
Anticipation that Larry Summers will be President Obama’s choice to lead the Federal Reserve Board has some investors speculating about a faster withdrawal of stimulus.