Larry Summers

National Herald case: Why Congress’ defiance in Parliament can strangle India's GST hopes in Winter Session

It will be difficult for Congress to put up a prolonged protest in Parliament in the National Herald case, convincing political allies and voters that a reform bill such as GST needs to be stalled for it.

Larry Summers on Parliament logjam: There is ground for concern, but optimistic about India reforms

Summers said India stands as an attractive spot for global investors in comparison with other peers such as China

Sensex gains 200 points to end above 20,000 ahead of US Fed meet

Markets viewed Summers' move as leaving Fed number two Janet Yellen, a well-known advocate of looser monetary policy to support the U.S. recovery, the favorite to succeed the current chairman, Ben Bernanke.<br /><br />

Try, fail, lose control - Disaster formula of US Federal Reserve

The Federal Reserve of United States prints $85 billion every month. It puts this money into the financial system by buying bonds. With all this money going around interest rates continue to remain low. And at low interest rates the hope is that people will borrow and spend more money.

Indian markets to breathe easy as Fed keeps stimulus

The Fed's announcement on Wednesday that its stimulus measures will stay in place should help battered emerging markets like India and Brazil.

US Fed's stimulus cuts may be modest but investors still wary of India

Though hiring and economic growth in the US remain soft, the Fed is expected to slow the pace of its $85-billion a month in bond purchases as early as Wednesday at the end of its policy meeting.

Fed stimulus: "No taper, the market loves it...we are off to the races"

The US Federal Reserve said on Wednesday that it would continue buying bonds at an $85 billion monthly pace for now, surprising financial markets that were braced for a reduction in the central bank's economic stimulus.

Full Text: US Fed says unemployment rate remains elevated

In a surprise move, the US Federal Reserve on Wednesday decided to continue with its $85 billion bond buying programme and also cut its economic growth outlook for the US economy. Analysts were expecting the central bank to cut its Treasury paper buying by at least $10 billion.

Markets reading too much into Summers' withdrawal from Fed race

Markets around the world immediately cheered Larry Summers' withdrawal primarily because Summers was widely seen to be a 'hawk' -- someone who is likely to raise interest rates and cut down on money supply.

White House seeking support for Yellen as Fed chief

White House officials are mustering support among Democrats on the Senate Banking Committee to back Federal Reserve Vice Chair Janet Yellen, three sources said on Friday, laying the groundwork for her expected nomination to the Fed's top job.