Summers: Fomc shouldn’t raise rates

Siga o MT no WhatsApp

The former Secretary of the Treasury, Larry Summers, has posted 11 tweets this morning justifying his views against a raise in the Fed Funds Rate today. Here is the latest one:

Tightening now will induce artificial dollar strength, which is hardly a good thing given the magnitude of protectionist pressures 11/11

— Lawrence H. Summers (@LHSummers) September 21, 2016