Summers: Neutral Rate is Higher Than Fed Supposes
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- เผยแพร่เมื่อ 4 เม.ย. 2024
- Lawrence H. Summers, former US Treasury Secretary and Wall Street Week contributor, says the evidence is overwhelming that the neutral rate is higher than the US Federal Reserve supposes and says it would be a policy mistake for the Fed to cut rates in June. Summers speaks to David Westin.
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2% neutral rate is just a smokescreen. The bottom line is the US government cannot afford to pay 5% interest which will amount to $2 trillion next year.
this right here. it's simply math. regardless of any logical inflation argument the US gov can't function with rates this high and debt to GDP only expands faster
They have to raise rates further at somepoint to sustain the debt rollovers...
They would be better off to reduce the deficit then rather than cut rates.
@@humanbeing5300 be realistic 😂 none of the politicians we have want to reduce spending. All they do is blame the other side for excessive spending, then if they get in office they excessively spend on their projects
@@gen-X-trader for sure, unfortunately idiots keep voting in the same old crowd. Even worse is there is no possibility and so many barriers to even be able to elect someone who would. Rates are really not that high in a historic context. What is an abberation was 0% rates which is not a good idea because it basically takes away the best tool for monetary policy. Hopefully we get back to 2-3% rates but if they do it too early, inflation will be here to stay.
What does neutral rate mean if government is paying for everything? Chip act, inflation reduction act, infrastructure act, green act, blue act, act act act act. There is no free market.
DING DING DING DING DING.....bea called it "fiscal dominance" plebs like me call it Fascism....but whatever:)
westin would never dare ask such questions
PPT means the stock market doesn't even function normally
just keep this market rolling until the election is over.
u got it !
Summers is one of the few economist with credibility, also the government doesn't control long-term yields; in the long run those will be higher than in the previous decade and a half. Also, forward guidance is bad policy and it should stop
Fed is keeping up interest rates to get inflation down. But higher interest rates are creating inflation.. as additional interest results in higher cost of ownership of houses and cars. Fed needs to cut interest rates to get inflation down in housing and cars.
Print money Welcome to the new economy.
Please google added federal deficit under Trump and under Biden. Trump's number is 3x of what Biden's is.
The neutral rate is higher....until it isn't.
America is getting some re-investment from places like Asia. Good on us. The neutral rate is around 4.
They would be stupid to,cut rates anytime soon as it will make surely make inflation worse
looka those eyes....geezus
you nervous dawg? you dont have fingernails
HEY LARRY GLAD YOU FIGURED DAT OUT FINALLY. THIS "WATERBOY" yeah you got it right, WATERBOY was SCREAMING dis shit in 2023.
Summers complains a lot...
gtfoh all govt jobs in todays print
Summers has no credibility
The guy who warned Biden the Covid stimulus was 6x too large and would cause 40 year high inflation.
booberg and westin says otherwise LMAO
Larry Summers you mean the guy who warned Biden the week after taking office the Covid stimulus was 6x too large and would cause 40 year high inflation. He's not credible because.......?
You're a nobody.