Lawrence Summers
Lawrence Summers
Lawrence Henry "Larry" Summersis an American economist who is President Emeritus and Charles W. Eliot University Professor of Harvard University...
NationalityAmerican
ProfessionPolitician
Date of Birth30 November 1954
CountryUnited States of America
among continue cooperate discussed economic emphasized exchange financial major markets monitor rates reflect view
We discussed developments in our exchange and financial markets, ... In this context, we emphasized our view that exchange rates among major currencies should reflect economic fundamentals. We will continue to monitor developments in exchange markets and cooperate as appropriate.
driven far national personal rate savings
Our national savings rate is still far too low, driven by a personal savings rate that is not where it should be,
analyze avoid best countries create might past room situation
These developments create a situation where I think there is more room than there might have been in the past to sit back and analyze what it is that happened, and think best about how in all of our countries we can avoid a recurrence of such problems,
families imperative national personal raising savings
Raising personal savings is an imperative for American families and an imperative for the national economy,
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The success of the India-US relations depends on connections in other fields. The experiences of young people will shape the future of the India-US relations.
account budget current deficits demand economy economy-and-economics forward global source unbalanced
U.S. budget and current account deficits are very important contributors to an unbalanced global economy, while the U.S. deficit has been a source of demand that has propelled the global economy forward for some years now.
build confidence create foundation indonesia prosperity strong
to take strong steps... to create confidence and to build on the very strong foundation for prosperity that Indonesia enjoys.
advantage bank granted powers president rating
The president has set a principle: No bank with an unsatisfactory CRA rating could take advantage of any of the powers granted by this deregulation,
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The president has made it very clear that he will not sign any budget measure that doesn't put Social Security and Medicare first, that doesn't take those steps forward (and) certainly any measures that would put at risk the progress we've made in paying down the debt,
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We believe the global expansion needs to be balanced up, not balanced down, ... An adjustment should take place in our countries through increased public savings. Internationally, there needs to be an adjustment through an increase in exports rather than reduced imports.
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Today, the IRS operates in a low-trust, short-tether budgeting environment, ... This makes rational planning for capital projects such as information technology very difficult.
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When I first joined the Treasury some years ago, I can assure you we were not thinking about threats to the financial system emanating from viruses, Trojan Horses, logic bombs or malicious code, ... But we are thinking about those things now, and with good reason.
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Growing demand and growing markets and networks will tend to reduce costs and raise efficiency, making successful economic management all the more important,
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If we can do those things, we have a chance to keep this expansion going. But this is not the time to take what (Federal Reserve) Chairman (Alan) Greenspan, what six Nobel prize-winning economists have said would be a very risky course with a massive tax cut. We're not going to let it happen, ... Face The Nation.