US Edition
If the Fed Were to Cut Rates to 1% as Trump Demands, Long Term Rates Would Actually Rise
4 Articles
4 Articles
Summers Warns of ‘Massive Inflation Psychology’ From Trump Rates
Former Treasury Secretary Lawrence Summers warned that President Donald Trump’s preference for the Federal Reserve’s interest-rate setting would trigger a surge in expectations for inflation, driving up long-term borrowing costs.
Will Fed Cut Rates By 3%? Is Massive Inflation Returning? Economist Steve Hanke Answers
Steve Hanke criticizes Trump and Fed Chairman Powell for their flawed focus on interest rates over money supply, blames the Fed for exacerbating income inequality, and argues that tariffs cause temporary price blips while money supply drives long-term inflation trends.
Reading time approx.: 1 minutes, 59 secondsHe asserted that the combination of government policies is further planting the risk of a dangerous circular dynamics of large deficits The former Treasury Secretary Lawrence Summers warned that President Donald Trump's preference for setting the Federal Reserve interest rate would lead to an increase in inflation expectations, raising the costs of long-term loans. "I don't know any economist, even clos…
Coverage Details
Bias Distribution
- 33% of the sources lean Left, 33% of the sources are Center, 33% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
