History Shows No Example of Hiking US Rates Too Fast, Summers Says
More: https://finance.yahoo.com/news/histo...161812317.html(Bloomberg) -- Former Treasury Secretary Lawrence Summers argued against the Federal Reserve holding back from aggressive monetary tightening, saying that greater economic damage would result from any hesitation.
History records many, many instances when policy adjustments to inflation were excessively delayed and there were very substantial costs to that
Tom
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