Published Date Jan 11, 2024

“A soft landing probably looks more likely today than it has at any point since” 2021, Summers, a Harvard University professor, said at an Economic Club of New York event Thursday. A soft landing isn’t assured, he added, but “certainly a very real possibility.”

Summers, a contributor to Bloomberg TV, said that the Federal Reserve’s cycle of hikes dampened demand without clobbering growth, with spending that’s become less sensitive to interest rates.


READ MORE: Summers Says US Soft Landing ‘Very Real Possibility’ Now

By Caroline Gaudette

1896 Views,

Flag

Please sign in to flag this as inappropriate.

• Tweet