"Absent any evidence that you want to hit the brakes, I don't know what the strong case would be for raising rates," Lawrence Summers, ex-chief economic adviser to President Barack Obama, says in interview aired Sun. on "Wall Street Week" TV show. Monetary policy should continue to be accommodative, as the U.S. economy isn't far above stall speed With inflation still subdued, less euphoric financial markets and an economy that's not overheating, policy should have a bias toward expansion "The gl
Source: Bloomberg.com news