The economist lists his reasons for why he thinks the Federal Reserve should hold interest rates steady.
Former Treasury Secretary Larry Summers believes the Fed may not be ready to deal with a potential recession as big banks remain vulnerable.
Regulators both have helped stabilize the banking system and cut off ways for institutions to keep themselves afloat should a crisis hit, he said.
Larry Summers, Harvard University Chairman Emeritus, discusses why he thinks banks are no safer now versus during a financial crisis.
Capital levels "have historically not had much predictive power for bank failures," Summers and a co-author assert.
Chicago Fed President Charles Evans said he is increasingly convinced that U.S. economic growth has slowed permanently.
Lawrence Summers, Harvard University, shares his thoughts on what is likely keeping interest rates low.
World central banks have little firepower to throw at potential global economic unrest, the former Clinton treasury secretary tells CNBC.
Lawrence Summers, Harvard University, shares his thought on what will likely happen after the departure of the United Kingdom from the European Union, including recession concerns for Britain, loss of confidence in the EU and pressure on the U.S. dollar.
At the crux of the St. Louis Fed announcement Friday that it is changing its method of forecasting was a dismal acknowledgement.
CNBC's Steve Liesman provides insight to former Treasury Secretary Larry Summers' blog comments in which he said the Federal Reserve should stop forecasting rate hikes.
The Lending Club CEO's resignation underscores the web of relationships between Wall Street alums and P2P loan buyers.
The online lending industry lost its chief evangelist with the abrupt departure of LendingClub's CEO, and now needs a new champion.
Bitcoin might not change the world, but its insights might, according to former Treasury Secretary Larry Summers.
Ex-FDIC chair Sheila Bair joins the board of online lender Avant as budding fintech start-ups lure former government officials.
Is a cashless society simply a matter of spreading disruptive technologies like mobile wallets?
Eliminating the $100 bill could hurt professional gamblers and boost the capabilities of central banks.
The former treasury secretary pushed for a ban on printing bills worth more than $50 or $100.
The former Clinton administration treasury secretary also warned there's a danger of overreacting to market weakness.
If fed-funds futures are any indication, the Fed might have to roll back its rate hike, says Ron Isana.