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Former treasury secretary Summers says Fed should not signal its next move - BBG

January 27, 2023 2:32 PM EST

Lawrence Summers, the former Treasury Secretary, encouraged the Federal Reserve to pull back on signaling its next move following the expected rate hike next week due to the current uncertain outlook.

Summers told Bloomberg Television's Wall Street Week that he doesn't believe it is time to be committing to rate hikes as there are... More