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Larry Summers

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  • Wrong to rely on monetary policy: Summers  Thursday, 24 Oct 2013 | 4:38 PM ET

    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.

  • Summers: Dodd-Frank has accomplished a 'great deal'  Thursday, 24 Oct 2013 | 4:36 PM ET

    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.

  • Should've fought Yellen harder: Summers' friends Friday, 27 Sep 2013 | 11:52 AM ET
    Lawrence Summers

    Lobbying for Larry Summers as Fed chairman should have happened earlier and been more aggressive, according to friends who spoke to CNBC.

  • Why the Fed won’t taper until 2014: Bond guru Wednesday, 25 Sep 2013 | 7:07 AM ET
    Ben S. Bernanke, chairman of the U.S. Federal Reserve

    David Robin of Newedge says there's no way that the Fed will taper this year.

  • Fisher: Fed selection process 'terribly' mishandled Monday, 23 Sep 2013 | 1:22 PM ET
    Richard Fisher, president and CEO of the Federal Reserve Bank of Dallas.

    The White House has "terribly mishandled" the process of picking the next chair of the Federal Reserve, said Dallas Fed President Richard Fisher.

  • Summers out, Yellen in?  Tuesday, 17 Sep 2013 | 7:00 PM ET

    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.

  • Yellen leads CNBC Fed survey with 88%  Tuesday, 17 Sep 2013 | 3:34 PM ET

    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.

  • Market sees $15 billion Fed taper soon: CNBC survey Tuesday, 17 Sep 2013 | 7:00 AM ET

    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.

  • Coming to terms with the end of QE  Tuesday, 17 Sep 2013 | 12:08 AM ET

    Brendan Brown, Head of Research at Mitsubishi UFJ Securities International says everyone should recognize that QE can't go on forever.

  • Markets make their choice of Fed chief clear  Monday, 16 Sep 2013 | 7:10 PM ET

    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.

  • Future of the Fed  Monday, 16 Sep 2013 | 2:20 PM ET

    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.

  • Stocks rally on Summers' withdrawal  Monday, 16 Sep 2013 | 1:40 PM ET

    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.

  • After Summers, traders betting on 2015 rate hike Monday, 16 Sep 2013 | 1:22 PM ET
    Larry Summers

    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.

  • Obama's move to pack the Fed may have hit a snag Monday, 16 Sep 2013 | 1:11 PM ET
    President Barack Obama holds a press conference in the East Room of the White House in Washington, DC, on August 9, 2013. Obama said Friday that the two leading candidates to head the Federal Reserve, economists Janet Yellen and Larry Summers, are both fully qualified for the job.

    Larry Summers' ascension to lead the Fed ended before it began, meaning President Obama's ability to pack it with acolytes could be limited.

  • Three reasons why the Fed needs to taper now Monday, 16 Sep 2013 | 11:21 AM ET

    Who would have thought that the Fed would create enough drama in one week to be in contention for a Lifetime original movie?

  • Summers out, sentiment up—watch out: Yoshikami Monday, 16 Sep 2013 | 10:17 AM ET

    Watch market movements this week. It should be quite a ride and confirm our contention that markets are not as rational as everyone thinks.

  • Summers' exit eases pressure for budget tradeoffs Monday, 16 Sep 2013 | 9:15 AM ET
    President Obama and Larry Summers in file photo.

    Despite opposition, the White House might still have muscled Larry Summers into the Fed chair but it would have meant cutting deals.

  • Morning six-pack: Dog days of (Larry) Summers Monday, 16 Sep 2013 | 7:45 AM ET
    Larry Summers

    Happy Monday, and R.I.P. Lehman Brothers, five years later. Welcome to the special Larry Summers edition of the six-pack.

  • Is Bernanke staying a possibility with Summers out? Monday, 16 Sep 2013 | 7:16 AM ET
    Ben Bernanke, Chairman of the U.S. Federal Reserve

    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.