U.S. economy is just one bad recession away from zero rates or worse

HKS Affiliated Authors

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

Charles W. Eliot University Professor

Excerpt

U.S. economy is just one bad recession away from zero rates or worse. Lawrence Summers, October 14, 2019, Video, "The United States is just one bad recession away from being right back at zero interest rates or even lower, Larry Summers warned on CNBC on Monday. “It’s a very different world when everyone’s stuck at zero interest rates,” said Summers, a critic of President Donald Trump who served as former President Bill Clinton’s Treasury secretary and as an economic advisor for former President Barack Obama." Link

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HKS Affiliated Authors

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