Larry Summers Says Fed Will Need to Boost Rates More Than Markets Expect
Former Treasury Secretary Lawrence Summers warned that the Federal Reserve will probably need to raise interest rates more than markets are currently expecting, thanks to stubbornly high inflationary pressures.
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### Instruction: Larry Summers Says Fed Will Need to Boost Rates More Than Markets Expect

### Response: Former Treasury Secretary Lawrence Summers warned that the Federal Reserve will probably need to raise interest rates more than markets are currently expecting, thanks to stubbornly high inflationary pressures.