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Summers: the Fed will likely need to raise interest rates more than the market anticipates
Former Treasury Secretary Larry Summers spoke with Bloomberg TV’s “Wall Street Week”
- economy has a “long way to go” before inflation is under control
- “My sense is that inflation is going to be a little more sustained than what people are looking for”
- the Fed needs “substantially more evidence to get comfort” that inflation is declining
- “I suspect they’re going to need more increases in interest rates than the market is now judging or than they’re now saying... Read More
Posted: Dec 4 2022, 23:42
Author Name: forexlive
Views: 101993
