Summers says wrong to say markets tell Fed it should cut

Quick Summary:

"It’s pretty analytically unsound to reason from the two-year to what the Fed should do,” said Former Treasury Secretary Lawrence Summers.

Ten-year yields were around 4.23%, down from above 4.5% before Trump took office.

The Fed currently targets the federal funds rate at a range of 4.25% to 4.5%.

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Article Details

Author / Journalist: Christopher Anstey, Bloomberg

Category: EconomyBusiness

Markets: United StatesSwitzerland

Topics: Larry Summers Donald Trump Federal Reserve Jerome powell

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-01 @ 21:02:04 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 554 words

Reading Time: 4 minutes read

Sentences: 4 lines

Sentence Length: 139 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 28313294

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Official Website: fortune.com

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