Ex-Treasury chief Larry Summers finds the Fed's latest move 'confusing' and 'disturbing' - says the decision likely reflects the central bank's internal politics
The Federal Reserve's move this week to hold interest rates and signal future increases at once reflects an inconsistent approach that may have been influenced by the central bank's internal politics, former Treasury Secretary Larry Summers said.
taking a breather after 10 consecutive hikes over the past 15 months. But it also projected two more quarter-point increases before the end of the year.
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