Summers Says Low Inflation Is Biggest Challenge for U.S.

  • Fed should delay lifting rates again as growth outlook shaky
  • GDP before adjusting for inflation would be better guide

Summers: 'Constructive' for Fed to Be Data Dependent

The biggest challenge for the U.S. is getting inflation to move toward the Federal Reserve’s goal, former Treasury Secretary Lawrence Summers said, adding that the central bank should put off raising interest rates again.

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