Economics

Summers Calls Bernanke Speech ‘Last Hurrah’ for Central Bankers

Lawrence H. Summers, Former U.S. Treasury Secretary, dismisses Ben Bernanke’s optimism for central bankers.(Source: Bloomberg)

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By Christopher Condon

January 9, 2020 at 10:03 PM UTC

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Former Treasury Secretary Lawrence Summers dismissed the optimism of former Federal Reserve Chairman Ben Bernanke, who recently said the central bank could likely fight off the next recession despite the low level of interest rates.