US Economy Is Just One Recession Away From NIRP (RTD Live Talk)

The United States is just one bad recession away from being right back at zero interest rates or even lower, Larry Summers warned on CNBC on Monday. “It’s a very different world when everyone’s stuck at zero interest rates,” said Summers, a critic of President Donald Trump who served as former President Bill Clinton’s Treasury secretary and as an economic advisor for former President Barack Obama.  Watch this full episode on the RTD website here: https://www.rethinkingthedollar.com/us-economy-is-just-one-recession-away-from-nirp-rtd-live-talk/

What this episode covers

The United States is just one bad recession away from being right back at zero interest rates or even lower, Larry Summers warned on CNBC on Monday. “It’s a very different world when everyone’s stuck at zero interest rates,” said Summers, a critic of President Donald Trump who served as former President Bill Clinton’s Treasury secretary and as an economic advisor for former President Barack Obama. Watch this full episode on the RTD website here: https://www.rethinkingthedollar.com/us-economy-is-just-one-recession-away-from-nirp-rtd-live-talk/

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This episode is 46 minutes long.

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This episode was published on October 16, 2019.

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