Author

Lawrence H. Summers

Lawrence H. Summers

Lawrence H. Summers is Charles W. Eliot University professor at Harvard Kennedy School.

COMMENTARY
A parachutist lands on a pad

Fed hopes for ‘soft landing’ for the US economy, but history suggests otherwise – commentary

By: and - May 3, 2022

The Federal Reserve will likely soon learn what gymnasts already know: sticking a landing is hard. With inflation surging to a new 40-year high and continuing to accelerate, the Fed is expected to lift interest rates by a half-percentage point at the end of its next meeting on Wednesday, May 4. It will be the […]