logo

Former Treasury Secretary Summers Warns: Trump's 'Political Assassination' of Cook Could Shake Market Foundation

By: theblockbeats.news|2025/08/26 01:22:26

BlockBeats News, August 26th: Former US Treasury Secretary Larry Summers stated that the political pressure and personal attacks against Federal Reserve Governor Lisa Cook are "unprecedented," and anyone concerned about the independence of US institutions should be vigilant.


Summers warned that this pressure will have a progressive corroding effect on the market framework and may even lead to what he calls the American "Argentinization" risk. Note: "Argentinization" refers to economic turmoil caused by populist policies and political interference, characterized by high inflation, currency devaluation, and institutional failure, similar to the economic crises in Argentina in the 1950s-1980s.


Summers has been a sharp critic of the Trump administration's policies. He criticized the recently passed "Build Back Better Act," pointing out that the legislation could lead to another financial crisis by increasing debt obligations. He also condemned current Treasury Secretary Yellen's public intervention in interest rate policy but appreciated Powell's response. (FXStreet)

WEEX causa sensación en BlockchainRIO 2025
Escenario global de WEEX: De Singapur a Dubái

También te puede interesar

Compartir
copy

Ganadores

Últimas noticias sobre criptomonedas

08:58

Unlimit Launches Stablecoin Decentralized Clearing Platform Stable.com

08:56

Crypto KOL paulwei has publicly shared his live trading on Hyperliquid, and recently placed a buy order in pyramid pattern to go long on BTC.

08:53

Monad Chain Meme Coin CHOG Recovers from Yesterday's Decline, Registers Nearly 60% Gain in 24 Hours

08:51

Securities and Futures Commission (SFC) Warns of Suspicious Investment Products "9M AI Stable Fund" and "9M AI Strategy Fund"

08:49

Shield Protocol: User deltatiger.eth has been attacked, losing approximately $330,000

Leer más
Comunitario
icon
icon
icon
icon
icon
icon
icon

Atención al cliente@weikecs

Cooperación empresarial@weikecs

Trading cuantitativo y MM[email protected]

Programa VIP[email protected]