Summers Says Global Economy Can’t Withstand Four 2016 Fed Hikes
- Says there is significant risk monetary policy will reverse
- Global growth more likely to slow down than heat up this year
Summers: Global Economy Can't Withstand Four Fed Hikes
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Policy makers need to heed the message from global commodity and stock markets that “risks are substantially tilted to the downside,” former U.S. Treasury Secretary Lawrence Summers said Wednesday.