Bloomberg Television
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Summers Says Fed Should Not Cut Rates Right Now
Posted
April 10, 2024
Views
75,616
Likes
898
Comments
203
Engagement
1.46%
April 10, 2024
75,616
898
203
1.46%
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16:54Now PlayingFormer Treasury Secretary Lawrence Summers says he wasn't surprised to see that US inflation rose in March, but the Federal Reserve should not be cutting interest rates now. "On current facts, a rate cut in June it seems to me would be a dangerous and egregious error comparable to the errors the Fed was making in the summer of 2021,” Summers said on Bloomberg Television’s Wall Street Week with David Westin.
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