Bloomberg Television
Bitter Pills | Summers on the Fed, Funding Fallout, Milei’s Tough Policies, UK’s Growth Gamble
This week, Former Treasury Secretary Lawrence H. Summers says the Fed’s policy leans on the looser side, given financial conditions, skewing the balance of risks towards inflation. MIT’s Rafael Reif takes us through Massachusetts as an example of an innovation ecosystem that is developing ways to fund research as the federal government steps back. Plus, a test of Argentine President Javier Milei’s austerity measures is coming. After suffering a setback in a crucial election, the future of Milei’s vision to reform Argentina’s economy is in question. Later, Tom Brady and US investors are betting on Birmingham, not London, to fuel the UK’s next big economic growth story.
Chapters:
00:00:00 - Larry Summers on Fed’s Rate Cut
00:10:43 - Future of Massachusetts as Research Engine
00:23:49 - Milei’s Austerity Policies Tested
00:36:19 - UK’s Growth Gamble
00:47:28 - Bard’s Leon Botstein on Research at Universities
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Published Sep 19, 2025
