Former Treasury Secretary Lawrence Summers said it’s too soon to be confident that the US has turned a corner on financial troubles that were sparked by the Federal Reserve’s rapid interest-rate hikes.
“When you have a series of earthquake tremors, it’s a fairly long time before you should be in a position to be confident that you’ve seen the last of them,” Summers said on Bloomberg Television’s “Wall Street Week” with David Westin. “That’s why the Fed’s got such a difficult job.”
