
Regulation
The Fed Isn’t Planning to Lift Rates High Enough, Says Summers
The central bank seems too timid to really dampen today’s high inflation, the former Treasury secretary warns.
Investors could see either a 1970s-style double-digit ripsnorter, a return to a more normal level, or something in between.
One reason is that spending-happy Washington will need more central bank Treasury buying.
There are three reasons why, after long dwelling at subterranean levels, the cost of money will eventually poke its head up.
Coronavirus worries threaten to harm economy and boost jobless claims, bond savant warns.