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Summers, former US Treasury Secretary, believes that there is no need for the Fed to cut interest rates because the US economy is growing faster than potential and the neutral federal funds rate is well above 2.Worldpokerclub.6%. On April 13th, while this week's US consumer price index (CPI) surprised many observers, Summers was not surprised. He believes that the low unemployment rate and budget deficit in the United StatesWorldpokerclubThe fiscal stimulus has boosted economic growth, exceeding its potential. This phenomenon suggests that the actual level of the neutral federal funds rate is much higher than the 2.6% that the Fed has been guiding. At the same time, Summers also mentioned that this week's CPI data may be skewed by problems in the way housing costs are calculated. Based on these analyses, he believes there is no need for the Fed to cut interest rates at the moment. Hexun self-selected Stock Writer risk Tip: the above content is only the views of the author or guest, does not represent any position of Hexun, and does not constitute any investment advice related to Hexun. Before making any investment decision, investors should consider the risk factors related to investment products according to their own circumstances and consult professional investment advisers if necessary. Hexun tries its best but cannot confirm the authenticity, accuracy and originality of the above content, and Hexun does not make any guarantee or commitment.
