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Benzinga
Benzinga
Business
Vishaal Sanjay

Larry Summers Warns Scott Bessent: 'Unless We See A Recession,' You Shouldn't Be Prescribing A 175 Basis Point Cut In Interest Rates

Scott Bessent Interest Rates Lawrence Summers Recession Administration Lawrence H Summers the Federal Reserve
Fed,,Federal,Reserve,With,Interest,Rate,Cut,Concept,,Small,Cube

Former Treasury Secretary Lawrence Summers criticized the current U.S. Treasury Secretary Scott Bessent for weighing too directly on the direction of interest rates, something he believes could blur the lines between fiscal and monetary polices.

‘Not Sure It’s Helpful’ To Be Prescriptive

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