Larry Summers: ‘A Rate Cut in June ... Would Be a Dangerous and Egregious Error’
‘You have to take seriously the possibility that the next rate move will be upwards rather than a downwards, and anything could happen’
EXCERPT:
SUMMERS: “Anything could happen. Markets could crash. The indicators could turn down. But 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, when it just didn't get the thread on inflation.”
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