Barack Hussein Obama II (/ b r k h u s e n o b m / (); born August 4, 1961) is an American attorney and politician who served as the 44th president of the United States from 2009 to 2017. A member of the Democratic Party, he was the first African.

For economists like Paul Krugman, Brad DeLong and Larry Summers in the United States, the fact that interest rates are at the zero-bound means monetary policy has been neutered and fiscal policy has.

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Larry Summers is Obama’s Fed pick, Japanese paper claims.. JPMorgan reaches $4.5B settlement over mortgage-bond claims. Exposing the Myth of MMT – Many mainstream economists and money managers have attacked MMT, including Fed Chairman Jay Powell, Larry Summers, Paul Krugman. have come out against MMT.

Summers rises as Obama pick to head Fed. Larry Summers, former chief economic adviser to President Barack Obama, appears increasingly likely to be his choice to succeed Ben Bernanke as Federal.

It is perhaps appropriate that Lawrence Summers, co-author of Gibson’s Paradox and the Gold Standard (a bizarre paper that fueled central bank efforts to suppress the price of gold in the 1990s) is now the top economic advisor to Barack Obama at the very time the US attempts to maintain its world dominion based on an increasingly unstable US.

For some reason, the Obama administration seems determined not to pick Janet Yellen as the next Fed Chair. It’s odd. That elsewhere was Larry Summers. But the backlash against him has been so.

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Bowing to growing budget concerns and months of Republican political pressure on federal pay and benefits, President Obama. The freeze would take effect on Jan. 1, pending Congressional approval by.

Summers on Obama and business Lawrence Henry Summers (born November 30, 1954) is an American economist, former Vice President of Development Economics and Chief Economist of the World Bank (1991-93), senior U.S. Treasury Department official throughout President Clinton’s administration (ultimately Treasury Secretary, 1999-2001), and former director of the national economic council for President Obama (2009-2010).

On Thursday, DCG announced a laundry list of new investors and additions to its team, and among them is one very big name: Larry Summers. Summers, former Treasury secretary and former president of Harvard University, is joining DCG as a senior advisor. It is a reminder that Summers believes in the future of bitcoin, the crypto-currency.