In a speech to the National Association for Business Economics (NABE) on February 24, 2014, Summers said: “The American economy is changing, and our policy responses — especially with regard to interest rates as they relate to growth and full employment — need to be re-examined.” Read the full speech here.
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Chairing the Center for Global Development Board
Summers joined the board of the Center for Global Development as Chair on March 4, 2014. Summers said, “With almost half of the world—some 3 billion people—living on less than $3.00 a day, ensuring that the benefits of technology and global integration are widely shared is one of the central challenges of the 21st century.” Read the full article here.
USA Today – Middle Class Feels Pinch
Summers talked with USA Today’s Paul Davidson on February 24, 2014 about income inequality. Summers said, “I think globalization and technological change are raising the rewards to the most entrepreneurial and able among us. But they’re pulling away from everyone else. And that creates a real challenge to social cohesion.” Read the full article here.