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Larry Summers said there's '15% chance' Fed raises interest rates to curb inflation
"There’s a meaningful chance -- maybe it’s 15% -- that the next move is going to be upwards in rates, not downwards," Summers told Bloomberg.
Larry Summers walks back 'antisemitism' charge against controversial Palestinian-American prof
Summers posted a message on his X social media account in which he walked back a previous statement about Prof. Rashid Khalidi.
Larry Summers blasts Harvard for inviting 'antisemitic' Palestinian American scholar to speak
Summers blasted the Ivy League school for hosting Prof. Rashid Khalidi twice since the Oct 7. attacks by Hamas terrorists against Israel.
Larry Summers blasts Harvard for picking Israel critic to co-chair antisemitism task force
Summers took issue with the appointment of Prof. Derek Penslar, a scholar of Jewish history, as co-chair of a task force to combat antisemitism.
Larry Summers throws cold water on Wall Street inflation forecasts: 'There's still a risk'
Summers, a senior financial adviser in the Clinton and Obama administrations, is sounding a note of caution.
OpenAI expands board to include Larry Summers as Sam Altman returns to CEO role
OpenAI said former Treasury Secretary Larry Summers will reportedly join a new, enlarged board of directors at the embattled artificial intelligence firm, even as it reinstated Sam Altman as chief...
Bill Ackman opposes identifying 'anonymous racist thug' who spewed Israel hatred at Harvard
Ackman reversed course on Tuesday after a viral video showed an unidentified individual near the Harvard campus declare his support for Hamas.
Harvard must condemn pro-Hamas students — and reckon with its history of antisemitism
There’s an ongoing debate on university campuses about whether and how to respond to students who support, defend or even praise what Hamas terrorists deliberately did to innocent Israeli children,...
Israeli billionaire quits Harvard board, blasts university's president over response to Hamas student letter
Ofer's resignation is in protest of Harvard President Claudine Gay's response to the student letter blaming Israel for massacre committed by Hamas.
Larry Summers blasts Harvard's 'delayed' Israel statement: 'Fails to meet needs of the moment'
Summers said that Harvard's statement fell short of condemning a student letter that laid the blame squarely on the Jewish state.
Larry Summers rips Harvard as student groups blame Israel for Hamas attacks
"In nearly 50 years of @Harvard affiliation, I have never been as disillusioned and alienated as I am today," Summers wrote on his X account.
Hiring cools to lowest level since 2020 as US added just 187,000 jobs last month
Though the labor market cooled down last month -- adding 187,000 jobs, according to the Bureau of Labor Statistics' Friday report -- the US economy is still enjoying a 30-month...
Larry Summers joins outcry over Fitch downgrade
Former Treasury Secretary Larry Summers called Fitch's AAA-to-AA+ downgrade as "bizarre and inept," adding that "the economy looks stronger than expected."
'Increasingly dangerous' Bidenomics will worsen inflation: Clinton treasurer
Larry Summers said that the administration's decision to eschew free trade agreements with other countries could contribute to higher levels of inflation.
Larry Summers blasts Fed's 'disturbing' move to pause interest rate hikes, cites 'internal political dynamics'
"I understand the arguments for not hiking this at this meeting," Summers said, alluding to the latest numbers which show cooling inflation.
Jeffrey Epstein claimed he managed Bill Gates' money, philanthropist says
Convicted pedophile Jeffrey Epstein managed Microsoft co-founder Bill Gates' money, according to Barnaby Marsh, a philanthropist who advises the wealthy on their charitable efforts.
Larry Summers met with Jeffrey Epstein despite pedophile's conviction, solicited cash for wife's nonprofit: docs
Lawrence Summers, the President Emeritus of Harvard University, met with Jeffrey Epstein more than a dozen times following his 2008 conviction, and solicited Epstein for funds to support his wife's...
Markets skittish after Yellen rules out 'blanket' protection for bank deposits
Yellen's comments came on the same day Fed Chair Jerome Powell announced an interest rate hike of a quarter point.
Ex-treasury secretary compares US economy to Looney Tunes cartoon
The US economy could face a “Wile E. Coyote moment” as the Federal Reserve struggles to bring down persistent inflation, according to ex-treasury secretary.
Larry Summers: 'Big mistake' to think US economy 'out of the woods'
Summers noted that inflation is still way higher than the Fed's target level.