Lawrence H summer the former united state secretary of the treasury.

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https://drive.google.com/uc?export=view&id=1m0Fc3UAkKPiPDvGlDjlSKqUr0EMijm0j

 A economic professor in Harvard and an ex- director of national economic council 
Said in the month of march. The federal serve has hike from the virtuality of zero to average of 3% and 3.25% today and penciled in a terminal rate and high as 4.9% NEXT year 

He has warned.  the US interest rate will probably peak above 5% and the market will has mostly priced in the hike ahead from federal reserve.

He tweeted higher interest rate make borrowing more expensive and encourage savings over spending or investing. 
Which has made the US. Central bank to start raising rate to cool inflation which surged to a 40 - year high of 9.1 % in June and remained above 
18% in September 

Summer believes backing down would be disastrous has he have been ringing the inflation alarm for a while and urging the fed to keep the hiking rate. 
Reference: The Wall Street Journal 
Byline Shodolamu olawale quadri 

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