Mr. Treasury Secretary Summers: The strength of the economy is rising neutral interest rates

The oil pressure gauge on the dashboard is equipped with a scale indicating INFLATION and a pointer indicating the red danger zone.  Concept illustration of high inflation rate and rising cost of living

Dragon claws

Former Treasury Secretary Lawrence Summers said it was increasingly likely that neutral interest rates rose because of the economy’s resilient strength against the Federal Reserve’s monetary tightening.

In an interview with Bloomberg, Summers said arguments in favor are emerging

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