Summers: Disinflation is not on the Secure Path the Fed Hoped

Рет қаралды 14,744

Күн бұрын

Lawrence H. Summers, Former US Treasury Secretary; Wall Street Week contributor says that while there are signs that the economy is cooling, he questions Federal Reserve Chair Jerome Powell's stance that policy is sufficiently restrictive.
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Пікірлер: 30

@bytemuncher1 29 күн бұрын

I'm two and a half minutes into this and Summers still hasn't said anything. I will never get that time back.

@xxyyzz8464 29 күн бұрын

Policy is not meaningfully restrictive because R* is much higher. We also had an unprecedented and incredibly overdone response in the amount of stimulus and money that is still sloshing around out there. Even if the consumer has spent their excess savings, M2 is absolutely out of whack and it would take until just about 2026 with rates held here and not tapering the runoff just to get back to where we should be.

@djayjp 29 күн бұрын

No, real rates are already significantly positive.

@xxyyzz8464 28 күн бұрын

@@djayjp I agree we have real rates, but they’re not MEANINGFULLY restrictive when you have all these counteracting forces still in the system and only restrictive enough to get us to where we need to be by 2026 is what I’m saying. If we want to get to 2% without some unforeseen exogenous shock, saddle up an be prepared to wait until 2026.

@xxyyzz8464 28 күн бұрын

@@djayjp Having a real rate of even 250 basis points doesn’t mean we are restrictive ENOUGH in a meaningful way to get back to 2% in the next year. Again, saddle up and wait for 2026 to see 2% unless there is an exogenous unexpected forces beyond real rates. Real rates aren’t the one and only force at play here. 🤦🏼‍♂️

@rimmanesterova9740 28 күн бұрын

Thank you very much for such interesting material, I will follow new posts.

@clifftanch 27 күн бұрын

I could’ve sworn Summers gave a wink and a nod to a hike last time he was on. I don’t think I would be the only person in America to think that He’s walking that back, so I suppose the odds of a hike have receded.

@bleacherz7503 29 күн бұрын

Larry on the weight loss Stab

@willscui 29 күн бұрын

Nice to see Larry's opinion. For all the topics, the degrading quality of the elite school system is the most concerning. Hard to imagine it's getting so bad so quick.

@TorukMaktoDracarys 29 күн бұрын

$2 to 3 Trillion Deficit Spending is definitely not what the Fed was hoping for, but Democrats w/help from RINOs can't stop spending, til James Bond puts his foot down. Then all hell will break loose. C'est la vie

@sunnysider6350 28 күн бұрын

We need $2-3 Trillion deficit to keep economy on even keel. Under Trumpy it was only $1trillion, the greatest economy ever from the orange jesus.

@Theyloveshnwr 27 күн бұрын

with the way the us gov is spending and spending billions a month to Israel and Ukraine ain’t no way inflation will go down and or a cut will happen

@bharatichaudhari 29 күн бұрын

Restructuring the economic policy only solution of disinflation

@DeEJaXn 29 күн бұрын

I'm praying for your health and strength 💪

@bharatichaudhari 29 күн бұрын

Avoid the over speculations

@ChadBlevins 29 күн бұрын

Summers is just so discredited at this point. The conclusions he draws about economic outcomes are just overly forced into his attempt to make it seem like they conform to whatever narrative he had previously predicted. He's stuck in the past with his view of underlying economic structures.

@bleacherz7503 29 күн бұрын

You aren’t paying attention - he has been spot on

@user-hb1qo6cu1z 29 күн бұрын

i suspected he was drunk

@scottsinnott2636 28 күн бұрын

Hasn't Larry lost all credibility by now? He has been wrong all along.

@jlogan653 29 күн бұрын

Larry’s is dismayed because some moralistic students, who are opposed to the MASS killing of innocent civilians, drape a Palestinian flag on a statue of Harvard. Larry, you need to re-assess your priorities.

@themakerofmagic 29 күн бұрын

'our freedom is incomplete without the freedom of Palestine' Nelson Mandela, former president of South Africa 🍉

@jeffjones114 29 күн бұрын

Guess these so-called "economists" don't understand high interest rates actually create inflation. Cutting 25 to 50 basis points isn't going to create more inflation.

@djayjp 29 күн бұрын

You would get along with the Turkish president 🤣

@jeffjones114 29 күн бұрын

@@djayjp perfect example, look how high they made the interest rates, it hasn't helped - just maybe there are other factors at play 🤔

@Javalipapere 28 күн бұрын

@@djayjp LOL