Summers: Very real possibility the next Fed move is going to be upwards on interest rates

  • Says this is probably the most sensitive moment we’ve had for an escalation in inflation since the policy errors of 2021 that set off the significant inflation that we had.

Lawrence Summers is an American economist who served as the 71st United States Secretary of the Treasury from 1999 to 2001

  • director of the National Economic Council from 2009 to 2010
summer Federal Reserve forecast 12 February 2025

Summers is hated by the righties. It'd be nice to focus on debating his ideas rather than hearing endless ad hominem attacks. But, yeah, the internet, whaddya gonna do?

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