WebSep 14, 2024 · Ex-Treasury Secretary Larry Summers suggested the Federal Reserve should consider a full-percentage-point rate hike after August’s inflation report came in worse than expected on Tuesday. The ... WebOct 31, 2024 · The Federal Reserve should maintain its hawkish stance at its meeting this week despite mounting calls for a pivot toward softer economic policy, ex-Treasury Secretary Larry Summers asserted...
Larry Summers warns unemployment must rise to cool inflation
WebAug 10, 2013 · Mr. Summers’s wealth soared from around $400,000 in the mid-1990s to between $7 million and $31 million in 2009, when he joined the Obama administration, according to a financial disclosure he ... WebJan 23, 2024 · 1/23/2024, 6:02:32 AM. Paul Krugman liked to poke fun at the people who warn about inflation. Larry Summers, on the other hand, was one of the first to see the new dangers for price developments looming. Now the two American star economists met to exchange blows. There has now been an exciting exchange of blows on inflation on the … grape grove cemetery ohio
Larry Summers pans Biden’s focus on job creation amid labor ... - TheHill
WebJun 25, 2024 · The former Treasury secretary Larry Summers steered debate over President Biden’s $1.9 trillion pandemic relief package by warning of runaway inflation. David Degner for The New York Times By... WebMar 17, 2024 · The U.S. Federal Reserve on Wednesday raised its benchmark interest rate for the first time since 2024 as it seeks to tame the highest U.S. inflation in four decades. Liu Jie-Xinhua Ideas By... WebApr 18, 2024 · Now in March 2024, Summers was on the “it’s too big and will cause inflation” side of the fence. Jump forward a year to March 2024, and Summers looks prescient. Yes, one can always argue that someone made a correct prediction, but that they did so for the wrong reasons, and events just evolved so that their prediction luckily turned out to be true. chippewa sportility