February 16, 2024

Ron Finklestien

Federal Reserve’s potential rate hike under scrutiny, Harvard expert suggests Federal Reserve’s potential rate hike under scrutiny, Harvard expert suggests

Closing Day of The World Economic Forum (WEF) 2023

Bloomberg/Bloomberg via Getty Images

“There’s a meaningful chance — maybe it’s 15% — that the [Federal Reserve’s] next move is going to be upwards in rates, not downwards,” opines former Treasury Secretary Lawrence Summers. This sentiment was shared in an interview on Friday, citing a number of “disturbing” inflation pressures.



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