The Fed's Pause in Rate Hikes

Larry Summers, the Bloomberg News contributor and former U.S. Treasury Secretary, sat down for a conversation with Bloomberg's Romaine Vostek. "I found the Fed's action a little bit confusing," he said of their decision not to raise rates in 15 months. 'This meeting felt like it was driven as much by the internal political dynamics of the Fed as by any consistent and coherent reading of the economic situation'