Larry Summers offers projection of how high Fed will lift interest rates, says recession could happen

Former Treasury Secretary Larry Summers on Monday offered his "best guess" of how high the Federal Reserve will hike interest rates and said there could potentially be a recession. Summers said to CNN that he doesn’t think there’s "any question" that the U.S. does not "have inflation on a secure…#treasury #larrysummers #federalreserve #summers #labordepartment #federalreserves #jeromepowell #fedchair #conferenceboard

Source: Reuters: Health - March 8, 2023 Category: Consumer Health News Source Type: news