The Federal Reserve is expected to announce its fourth interest rate increase of 2022 on Wednesday as it races to tamp down rapid inflation. The moves have a lot of […]
Summers, Lawrence H
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Back to news homeWhy Washington Can’t Quit Listening to Larry Summers
Many people who have served in top government jobs do stick around, commenting favorably on how their former team is doing. Others, like the former Treasury secretaries Timothy F. Geithner […]
Biden and the Fed Leave 1970s Inflation Fears Behind
Economists have struggled to understand the phenomenon, but they largely think inflation is being held down by a cocktail of aging demographics, changing consumer expectations and limited pricing power in […]