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Ex-US Treasury Secretary Summers Cautions: Trump's Interest Rate Preferences Risk Fueling Inflation Expectations
1 week ago /
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Author：小编
Former United States Treasury Secretary Lawrence Summers has issued a warning that President Trump's preference for Federal Reserve interest rate settings could provoke a sharp rise in inflation expectations, thereby elevating long-term borrowing costs. In an interview, Summers noted that, under the current economic landscape, very few mainstream economists advocate for interest rates hovering around 1%. He stressed that, while such a strategy might initially stimulate a fleeting economic boom, it would ultimately foster a dangerous inflationary mindset.
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