Larry Summers: The Fed Could Hurt the Economy even if it doesn’t Raise Rates

HKS Affiliated Authors

Frank and Denie Weil Director of the Mossavar-Rahmani Center for Business and Government

Charles W. Eliot University Professor

Excerpt

Larry Summers: The Fed Could Hurt the Economy even if it doesn’t Raise Rates. Lawrence Summers, September 17, 2015, Opinion, "Today, the Federal Reserve will makes its most consequential announcement in years. Much attention has rightly focused on whether the federal funds rate is increased. Ultimately, though, what matters is the posture of monetary policy, which depends on both the fed funds rate and the path of expected rates. My views are clear: This is not the time for a tightening in monetary policy."

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HKS Affiliated Authors

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