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Summers, a Harvard professor and former US Treasury secretary, pointedly pointed out that Trump's proposal to force the Federal Reserve to cut interest rates by 3 percentage points will trigger an "inflationary psychological nuclear explosion", which may trigger a vicious circle of long-term borrowing costs not falling but rising. Click to view....
Summers, a Harvard professor and former US Treasury secretary, pointedly pointed out that Trump's proposal to force the Federal Reserve to cut interest rates by 3 percentage points will trigger an "inflationary psychological nuclear explosion", which may trigger a vicious circle of long-term borrowing costs not falling but rising. Click to view...
2025-07-18 01:51:43
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