Lawrence H. Summers(@LHSummers):Chair Powell signaling a return to data dependence, to being agnostic about what is going to happen next --that was exactly the right thing to do. The @federalreserve can have much more of a durable impact on inflation than it can on unemployment, given deficits, given AI spending. We are probably at or below the neutral rate of interest. There is no reason to be committed into further rate cutting in this environment. @BloombergTV #Wall Street Week.

Lawrence H. Summers

@LHSummers

Charles W. Eliot University Professor and President Emeritus at Harvard. Secretary of the Treasury for President Clinton and Director of NEC for President Obama

Joined January 2011

712 Following 367.7K Followers

Lawrence H. Summers@LHSummers

2025.11.01 13:12

Chair Powell signaling a return to data dependence, to being agnostic about what is going to happen next --that was exactly the right thing to do. The @federalreserve can have much more of a durable impact on inflation than it can on unemployment, given deficits, given AI spending. We are probably at or below the neutral rate of interest. There is no reason to be committed into further rate cutting in this environment. @BloombergTV #Wall# Street Week.