HKS Affiliated Authors
Excerpt
August 8, 2022, Video: (translated)"Lawrence Summers, academic and former US Secretary of the Treasury (a position equivalent to our Minister of Economy), began his participation in Expert XP 2022 with a clear message: the world of investments should be for everyone, not just for parts of society ; financial democratization is key to economic development. Along these lines, the conversation with Larry Summers (as he is known) was didactic and practical, focused on the main global economic challenge today: controlling inflation and the risks of a strong economic slowdown. In addition to him, Artur Wichmann, Global CIO at XP Private, and Alberto Bernal, Latin America Chief Strategist at XP Investimentos, participated in the panel. For Summers, the United States is in a highly complex situation, with the economy still overheating and a tight labor market, which generates pressures on prices that can only be controlled with a stronger interest rate hike than currently expected by the most market analysts, including the US Central Bank itself – the Fed."
HKS Faculty Author - Lawrence H. Summers