HKS Authors

See citation below for complete author information.

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

Abstract

This week, Former Treasury Secretary Lawrence H. Summers agrees with Fed Chair Powell’s reluctance to lock in a December rate cut. And, with new congressional momentum and a victory in midterm elections, Argentina’s President Javier Milei gets the electorate’s buy-in to continue economic reforms that have had mixed results. Plus, Geoffrey Hinton, the “Godfather of AI,” warns that the race to build smarter machines is outpacing efforts to control them, and that humanity must act before it’s too late. Later, will President Trump’s $100,000 H-1B visa fee actually solve the issues of misuse and poor pay, or will it starve the US of global talent?

Citation

Summers, Lawrence H. "Larry Summers on the Fed, Argentina Elections, Hinton on AI, Trump’s H-1B Fee." Wall Street Week, Bloomberg TV, November 1, 2025.