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Summers: Federal Open Market Committee (FOMC) driven by internal politics - 'disturbing'

Summers: Federal Open Market Committee (FOMC) driven by internal politics - 'disturbing'
Former Treasury Secretary and now Harvard academic Lawrence Summers said the result of this week's Federal Open Market Committee (FOMC) meeting was a set of inconsistent decisions and actions. “I found the Fed’s action a little bit confusing” he said, citing:there were arguments for not raising interest rates, but its inconsistent to add two rate hikes to the outlook for the rest of the year and boost the forecast for growth Summers adds: “This meeting felt like it was driven as much by the int... Read More
Posted: Jun 16 2023, 01:31
Author Name: forexlive
Views: 101959

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