Economics
Summers Says Next Recession Will Likely Be Caused by the Fed
- Summers says $110 oil makes soft landing ‘much more difficult’
- Summers says history of currency interventions not encouraging
Former U.S. Treasury Secretary Lawrence Summers says the Federal Reserve needs to mount a “strong response to inflation” despite geopolitical risks to U.S. economic growth.
Source: BloombergThis article is for subscribers only.
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Former U.S. Treasury Secretary Lawrence Summers said the next U.S. recession will likely be caused by the Federal Reserve.