Goldman Sachs already appears to be having second thoughts on its tepid forecast for 2015.» Read More
Former director of the National Economic Council Larry Summers reacts to BlackRock CEO Larry Fink's comments predicting a no taper until June 2014. "It's wrong to be relying on monetary policy as the main driver of the economy," he says.
Former director of the National Economic Council Larry Summers says Dodd-Frank has accomplished a lot. "Too big to fail still is an issue and concern," he adds.
Lobbying for Larry Summers as Fed chairman should have happened earlier and been more aggressive, according to friends who spoke to CNBC.
David Robin of Newedge says there's no way that the Fed will taper this year.
The White House has "terribly mishandled" the process of picking the next chair of the Federal Reserve, said Dallas Fed President Richard Fisher.
With Larry Summers out of the Fed chairman race, Ben Bernkanke's successor is unknown. Jim Pethokoukis, American Enterprise Institute, and John Tamny, Forbes, discuss the President's possible pick. And John Taylor, Stanford University economics professor, discuss rules to govern the U.S monetary policy.
Due to political push-back, Larry Summers was forced to drop out of the race for Fed chairman. CNBC's Steve Liesman has the results of the CNBC Fed survey following the news. Ben White, Politico, and Greg Braca, TD Bank Group, weigh in on whether Janet Yellen is the clear front runner now that Summers out of the race.
Wall Street agrees on two things: the Fed will soon reduce its asset purchases by $15 billion and Janet Yellen will be nominated as chair, according to a new CNBC Fed Survey.
Brendan Brown, Head of Research at Mitsubishi UFJ Securities International says everyone should recognize that QE can't go on forever.
Axel Merk, President & CIO, Merk Investments deciphers why markets are hailing Larry Summers' withdrawal from the Fed race and why Janet Yellen is the addiction markets want more of.
Mad Money host Jim Cramer discusses how the withdrawal of Larry Summers for Fed chair consideration impacted the markets today.
Pimco's Bill Gross weighs in on today's stock rally following Larry Summers' announcement he is withdrawing from consideration for Fed chair. "Larry Summers was not a slam dunk nominee; Janet Yellen has always been the front runner," he says.
Markets are reacting to Larry Summers withdrawal from consideration to be the next Fed chief. Kenny Polcari, O'Neil Securities; David Balin, Citi Private Bank; and CNBC's Bob Pisani analyze the market's upward move.
Traders are betting the Fed will keep policy easier for longer now that Larry Summers is out of the running to head the central bank.
Larry Summers' ascension to lead the Fed ended before it began, meaning President Obama's ability to pack it with acolytes could be limited.
Who would have thought that the Fed would create enough drama in one week to be in contention for a Lifetime original movie?
Watch market movements this week. It should be quite a ride and confirm our contention that markets are not as rational as everyone thinks.
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.