HKS Affiliated Authors

Frank and Denie Weil Director of the Mossavar-Rahmani Center for Business and Government
Charles W. Eliot University Professor


Rate Hike Now Doesn't Seem a Prudent Risk to Take: Summers. Lawrence Summers, September 10, 2015, Video, "Data on the three areas the Federal Reserve cares about most—inflation, employment and financial stability—are all indicating the central bank should hold off on raising interest rates, former Treasury Secretary Larry Summers said Thursday. At present, inflation is below target, the labor force participation rate is lower than it's been in a quarter of a century, and financial market volatility is elevated, he said. 'Today, when you've got real major uncertainties coming out of China, coming out of the other emerging markets...'" Link