In mid-June red hot inflation reared its ugly head in America once again, as the latest U.S. Bureau of Labor Statistics’ Consumer Price Index (CPI) report indicated that inflation in June rose at the ...
Tag: Summers
‘Where The Crawdads Sing’ Is This Summer’s First Big Movie For Women
Kya (Daisy Edgar-Jones) in Columbia Pictures’ WHERE THE CRAWDADS SING. Michele K Short In encouraging news for the weekend, Sony reported that Where the Crawdads Sing (produced by Reese Withersp...
Fed ‘Let Us Down Quite Badly’ and Still Unrealistic, Summers Says
(Bloomberg) — Former Treasury Secretary Lawrence Summers issued one of his harshest criticisms yet of the Federal Reserve’s slowness in moving to raise interest rates, and warned that policy mak...
Larry Summers Says Fed Forecasts Look Ridiculous, Warns on Rate Delay
(Bloomberg) — Former Treasury Secretary Lawrence Summers said the Federal Reserve has failed to account for its mistakes and to realize the damage to its credibility after the latest inflation d...
Larry Summers Says a Recession is Likely on the Way
With inflation roaring, bond yields jumping and the Federal Reserve seemingly poised to impose big interest rate increases, fear of recession is rising. Consumer prices surged 8.5% in the 12 months th...
Recession is `the most likely’ outcome for U.S. economy, says Larry Summers
Former Treasury Secretary Larry Summers, whose out-of-consensus views about the risks of persistent inflation have come true, is reiterating his concerns about a potential U.S. downturn: He now says a...
Larry Summers Warns That Interest Rates Have to Go Much Higher
Former U.S. Treasury Secretary Lawrence Summers has been warning about the dangers of an inflationary spiral in the U.S. economy for more than a year, driven largely by what he saw as excessive pandem...
Fed Should Hold Immediate Meeting to End Asset Purchases, Summers Says
(Bloomberg) — Former Treasury Secretary Lawrence Summers said that the Federal Reserve ought to hold an immediate meeting to end its quantitative easing program — now scheduled to end next...
Summers Says He Doubts U.S. Inflation Will Slow to 2% This Year
(Bloomberg) — Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Most Read from Bloomberg Former Treasury Secretary Lawrence Summers said he remains...
Larry Summers Says Fed and Markets Are Too Sanguine on Anti-Inflation Steps
(Bloomberg) — Former Treasury Secretary Lawrence Summers said that even after the Federal Reserve’s recent hawkish pivot and after a selloff in Treasuries, both policy makers and investors are s...