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A tech billionaire is quietly buying up land in Hawaii No one knows why

A tech billionaire is quietly buying up land in Hawaii No one knows why
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Here s a big reason why people may be gloomy about the economy: the cost of money

Here s a big reason why people may be gloomy about the economy: the cost of money
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United statesKevin dietsch gettyFederal reserveTreasury secretary larry summersCompany sun valley conferenceSun valleyTreasury secretaryPresident clintonKevin dietschGetty images

Here s a big reason why people may be gloomy about the economy: the cost of money

Here s a big reason why people may be gloomy about the economy: the cost of money
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United statesKevin dietsch gettyFederal reserveTreasury secretary larry summersCompany sun valley conferenceSun valleyTreasury secretaryPresident clintonKevin dietschGetty images

Here s a big reason why people may be gloomy about the economy: the cost of money

Here s a big reason why people may be gloomy about the economy: the cost of money
wbaa.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wbaa.org Daily Mail and Mail on Sunday newspapers.

United statesKevin dietsch gettyFederal reserveTreasury secretary larry summersCompany sun valley conferenceSun valleyTreasury secretaryPresident clintonKevin dietschGetty images

Here s a big reason why people may be gloomy about the economy: the cost of money

Former Treasury Secretary Larry Summers argues that high interest rates are contributing to people's gloomy economic mood. Sentiment may improve, though, if the Federal Reserve begins to cut rates.

United statesKevin dietsch gettyFederal reserveTreasury secretary larry summersCompany sun valley conferenceSun valleyTreasury secretaryPresident clintonKevin dietschGetty images