Summers defends Dodd-Frank, supports minimum-wage hike

02/25/2014 | Politico (Washington, D.C.)

In a wide-ranging interview, former Treasury chief Larry Summers defends the Dodd-Frank financial reforms, and suggests that the Fed should worry more about deflation than about the potential for the economy overheating. He also defends the White House's push for an increase to the federal minimum wage. "There’s no reason why the United States should be sitting today with a minimum wage that’s lower than what the minimum wage was when that fiery liberal Ronald Reagan was president," he argues.

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Politico (Washington, D.C.)

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