WASHINGTON — Larry Summers, the former Harvard president and U.S. Treasury secretary long regarded as one of the most influential voices in American economic policy, said he will step back from public commitments after newly released emails revealed continued communication with Jeffrey Epstein, the disgraced financier convicted of sex crimes.
The emails, disclosed by the House Oversight Committee, show that Summers corresponded with Epstein until the day before Epstein’s 2019 arrest. In some exchanges, Summers appeared to seek personal and relationship advice, raising fresh questions about the nature of their ties.
Summers, who served as Treasury secretary under President Bill Clinton and later as director of the National Economic Council under President Barack Obama, issued a statement acknowledging regret. “I am deeply ashamed of my actions and recognize the pain they have caused,” he said, adding that he intends to withdraw from public roles and focus on repairing personal relationships.
Epstein, who died in jail in 2019 while awaiting trial on sex trafficking charges, maintained connections with numerous prominent figures in academia, politics and finance. The release of the emails has reignited scrutiny of those relationships, with lawmakers urging institutions to distance themselves from individuals linked to Epstein.
Summers’ announcement drew swift responses across political and academic circles. He admitted shame and responsibility, saying he would step back to rebuild trust and repair relationships with those closest to him. Senator Elizabeth Warren urged organizations affiliated with Summers to sever ties, arguing that continued association would damage credibility.
Media analysts noted that while Summers’ contrition was clear, the reputational damage is significant given his stature as a leading economist. Public sentiment on social media reflected disbelief that Summers continued engaging with Epstein after his 2008 conviction, with many calling his withdrawal overdue.
Summers’ retreat marks a significant moment in the fallout from Epstein’s network. For decades, he has been a fixture in global economic debates, advising governments and shaping policy discussions. His decision to step back underscores how Epstein’s legacy continues to reverberate, ensnaring high‑profile figures years after his death. The episode also raises broader questions about elite networks, accountability, and the blurred lines between personal and professional relationships in academia and politics. For Harvard and U.S. policy circles, Summers’ absence removes a powerful voice but signals a reckoning with reputational risks tied to Epstein.
