Further to Adam’s post yesterday on the next US Fed Chair ( person) Reuters this morning have run an article which argues that a Larry Summers-led administration might raise interest rates faster than that run by Janet Yellen.
Whoever of these two widely talked about candidates gets the nod ( if indeed no other late runners race up to the line ) then they will undoubtedly be overseeing a ” normalization” of interest rates.
The speed of that process will be crucial. Not only to the US but the global economy as a whole.
Read more here
