Larry Summers: the Fed is Behind the Curve

[@NeilMillerCA]

They should increase 50 and increase reserve requirements back to 3%

[@johndingle6293]

Retail sales hit a wall... Stagflation as commodities go the opposite way. And dollar going to keep declining. May hold up stocks until earnings. Divergence growing massively.

[@Driven-Productions]

.25 is fine people, that is 8% interest cost on Helocs and all business lines, its not been that high in my 17 years in business. That’s not something businesses or families can ignore if they have borrowed money working for them.

[@jake4024]

Fed is way behind, market doesn’t take them seriously anymore 😂.

[@wescam2958]

Glad to see someone say this. It is about time!

[@detectiveofmoneypolitics]

Economic investigator Frank G Melbourne Australia is still watching this very informative content cheers Frank

[@manatee419]

A few weeks ago he was saying the fed to stop and look around now hes done a 180ﾟ turn.

[@dr.debbiewilliams]

A lot of people are waiting to see what happens in DC. The credibility program is directly effected by what is going on in Washington. The Real Estate market is too volatile. The rise in rates may cause somequalufied prospective buyers to shy away from it, as was the case before. We have a AAA rating, and still have a creditability problem? That's what we should be analyzing.

[@SuriBayArea]

I thought Summers was turning dovish the last 2mo. Hopefully, Fed wakes up. They are always behind. It was irresponsible for Powell to claim monetary policy "easing" and stupid of Boatic to make those comments.

[@amlanchatterjee7709]

These jokers

[@anonsurf6640]

Blah blah blah. Just alot of ifs and shoulds. He sounds full of ego.

[@rahfx5485]

50 vs 25 in march is meaningless. Going higher than the market has already priced currently will only lead to unnecessary volatility. And as usual no one addresses or probably just does not understand the interest rate fallacy. Why would raising the profitability of lending slow down the economy? The supply curve exists for credit as well. The higher the inflation rate - the higher the nominal growth - the easier it is to service higher debt costs - the more credit expands - the higher inflation rises - repeat.

[@wescam2958]

Are you running the Central Bank of Turkey? They've been doing this for two years and inflation now is over 85%. At some point you have to address inflation rather than promoting unlimited and unbridled growth. The 1970's in the U.S. was no fun for the consumer/wage earner. Our Central Bank learned that. Turkey's now has to. And so do you.

[@rahfx5485]

@@wescam2958 there is a different between the lira and the dollar. A 6.6 trillion daily difference

[@zhengyiyue9223]

@@rahfx5485 dollar will instantly stop being reserve currency if US decides to do that. bye bye treasury buyers lmfao hyper inflation

[@rahfx5485]

@@zhengyiyue9223 decides to do what? and where are the treasury buyers going to go? Bunds? JGBs? BTPs? Gold?

[@ssuwandi3240]

Yes the saving rate will spike and that's one way of the equation to break a steamy stubborn goods and services demand that Larry pointed out some time ago. The Fed has to see that demand gets pounded. The problem with Turkey that seems to be not there yet prob they hid cash under the mattress