Summers Is More Optimistic on US Outlook Than He Was a Few Months Ago
- Summers says US data better than he would have predicted
- Former Treasury chief says hope can triumph over experience
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Former US Treasury Secretary Lawrence Summers said he’s more optimistic about the US economy and its ability to dodge a recession than just a few months ago, although he warned the Federal Reserve still faces a tricky task.
“We have to recognize the figures are better than what someone like me would have expected three months ago,” Summers told Bloomberg Television’s “Wall Street Week” with David Westin in Davos. “It’s still a very, very difficult job for the Fed, but the situation does look a bit better.”