Relevant:
- Larry Summers: Fed's 'Low Interest Rates Could Become Source of Instability'
- U.S. mortgage applications rise, but so do rates: MBA | Reuters
- Monetarists see recovery danger from 'Summers Fed'
- Mortgage Rates Rise To Highest Levels Of The Year
- Low interest rates put global financial sector at risk, IMF warns
2013-09-04 — nytimes.com
``Businesses raising money and people buying homes and cars all have faced higher interest rates in recent months as the Fed's campaign to suppress borrowing costs has faltered. The rise in rates reflects optimism that the economy is gaining strength, and an expectation that the Fed will begin to pull back later this year. But a wide range of financial analysts also see evidence of a Summers effect. ''
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