Former US Treasury Secretary Larry Summers discusses the Federal Reserve’s latest rate cut and why Chair Jerome Powell’s cautious tone on a potential December cut was “exactly right.” Summers says inflation remains a bigger threat than unemployment, and warns that high deficits and global AI competition could test US leadership. He also credits President Trump with the progress made on trade with China, but warns that we are in the “early chapters” of the book.
——–
More on Wall Street Week
Like this video?
Bookmark the Wall Street Week playlist: https://tinyurl.com/38nb4yfa
Subscribe and turn on notifications so you don’t miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9
Get more of Wall Street Week here:
https://www.bloomberg.com/btv/series/wall-street-week
Watch the show live on Fridays at 6 p.m. New York time, then again on Saturdays at 10 a.m. and Sundays at 9 a.m.
We’re on Bloomberg Television, Radio, the Terminal or here on YouTube: https://www.youtube.com/watch?v=iEpJwprxDdk
Listen to the Wall Street Week podcast on Spotify or Apple: https://www.bloomberg.com/podcasts/series/wall-street-week
Sign up for the newsletter here:
https://www.bloomberg.com/account/newsletters/wall-street-week?source=wswintro
Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more
source
