“Talking about the neutral rate without talking about the rate of inflation is basically illogical,”

"Talking about the neutral rate without talking about the rate of inflation is basically illogical," says @LHSummers

Summers explains why he believes the Fed will have to go 'well above' 2.5% on interest rates https://t.co/ildzg0rVT4 pic.twitter.com/hdpegjyuiM

— Bloomberg TV (@BloombergTV) June 25, 2022