The Fed has 'itchy fingers' and should not be in a rush to cut interest rates, Larry Summers says

Tech Insider : Economy
A photo of Larry Summers
Larry Summers said he was "disillusioned and alienated."

Tom Williams/CQ-Roll Call, Inc via Getty Images

The Fed pushed back against imminent rate cuts this week. Here's what that means for the housing market.

Tech Insider
Federal Reserve Chairman Jerome Powell and US Treasury Secretary Janet Yellen
Federal Reserve Chairman Jerome Powell and US Treasury Secretary Janet Yellen participate in a meeting of the Financial Stability Oversight Council at the US Treasury on July 28, 2023 in Washington, DC.

Kevin Dietsch/Getty Images

9 things that will define the economy in 2024

Tech Insider : Economy
US Federal Reserve Chair Jerome Powell
The Fed expects to lower interest rates three times next year.

Liu Jie/Xinhua via Getty Images

The Fed's rate-cut signals could prompt a fresh bout of inflation, economists say

Tech Insider : Economy, Economy
US Federal Reserve Chair Jerome Powell
US Federal Reserve Chair Jerome Powell.

Liu Jie/Xinhua via Getty Images

Subscribe to federa-reserve