"That is to misunderstand entirely the role of appointed officials in a democracy," Summers said.
The Democratic former Treasury secretary says the Trump administration should not weaken the dollar in order to boost competitiveness.
President Donald Trump's criticism of the Federal Reserve is "very disturbing" as is his "envy" of dictators, says former Treasury Secretary Larry Summers.
Almost a year after buying PillPack for $750 million, Amazon is counting on its CEO, TJ Parker, to drive an aggressive pharmacy strategy.
Former Obama advisor Larry Summers isn't hopeful about a trade deal between the U.S. and China.
U.S. $100 bills in circulation hit an all-time high last year, according to new data from the Federal Reserve.
Advocating the government print money without worrying about the bills is a dangerous approach being pushed by far-left Democrats, Summers says.
The former Treasury Secretary warned the Fed should be careful not to raise rates too quickly.
"No responsible central bank wants to look like it's bending to political pressure," says Summers, a strident critic of Trump.
Hans Redeker also claimed the market is failing to understand the impact of the Federal Reserve unwinding its balance sheet.
The Fed's move to reverse its decade-old support of the financial system could backfire, according to J.P. Morgan's CEO. Here's what others have to say.
Chinese companies’ leadership in some technologies are not the result of theft from the U.S., the former Clinton Treasury secretary says.
The former Clinton Treasury secretary calls the steel and aluminum tariffs on the EU, Canada and Mexico "ludicrous."
"Amazon is just being a really effective retailer. That is not a reason for antitrust," former Treasury Secretary Larry Summers says.
Trump's tariff threats appear to be doing more harm than good to the U.S., former Treasury Secretary Larry Summers says.
Summers said the Trump steel tariffs are positioned to hurt more workers within the U.S. than they could help.
World-renowned economists and executives addressed rising trade tensions between the U.S. and China, discussing the possible impacts of a trade war from the annual China Development Forum.
Usually, an administration's first NEC director is the most influential — but Larry Kudlow could buck historical trends.
Ray Dalio thinks there is a relatively high chance the U.S. economy will stumble into a recession before the next presidential election in 2020.
About a third of corporate profits from the tax overhaul will eventually go to everyday workers, says Trump advisor Kevin Hassett.