Former US Treasury Secretary warns of potential price pressure outbreak, suggesting the current cycle of interest rate cuts may have ended
Four years ago, former U.S. Treasury Secretary Lawrence Summers accused U.S. fiscal and monetary policymakers of overstimulation, which could trigger the biggest inflation surge in a generation. Four years later, he warns of the danger of price pressures erupting again.
"Since policy mistakes triggered severe inflation in 2021, this may be the most sensitive moment for inflation escalation," Summers said. "Now is the time when we must be very cautious about inflation, even before you see policies coming out of the White House." He urged the Federal Reserve to remain vigilant about price pressures and believes that there will likely not be further interest rate cuts in this cycle.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A sniper address earned $27.8 million by trading Broccoli
Broccoli token creator achieved 9517 times profit in 24 minutes, earning about $6.72 million
President Trump Signs Executive Order Creating ‘Healthy America Again’ Commission
Trump: expect tariffs to stay in place for many countries, don't expect any exemptions
Trending news
MoreCrypto prices
More![Bitcoin](https://img.bgstatic.com/multiLang/coinPriceLogo/bitcoin.png)
![Ethereum](https://img.bgstatic.com/multiLang/coinPriceLogo/ethereum.png)
![XRP](https://img.bgstatic.com/multiLang/coinPriceLogo/ripple.png)
![Tether USDt](https://img.bgstatic.com/multiLang/coinPriceLogo/0208496be4e524857e33ae425e12d4751710262904978.png)
![Solana](https://img.bgstatic.com/multiLang/coinPriceLogo/solana.png)
![BNB](https://img.bgstatic.com/multiLang/coinPriceLogo/binance.png)
![USDC](https://img.bgstatic.com/multiLang/coinPriceLogo/usdc.png)
![Dogecoin](https://img.bgstatic.com/multiLang/coinPriceLogo/dogecoin.png)
![Cardano](https://img.bgstatic.com/multiLang/coinPriceLogo/cardano.png)
![TRON](https://img.bgstatic.com/multiLang/coinPriceLogo/tron.png)