Summers: Nearly 50-50 Odds of Fed Hiking to 6% or Above

Former US Treasury Secretary Lawrence Summers says the odds are nearly even that the Federal Reserve's so-called terminal rate will rise to 6% or more. “My guess now is that it’s nearly 50-50 that we’re going to get to 6% fed funds, or above,” Summers says on Bloomberg Television’s “Wall Street Week” with David Westin.