Larry Summers: No Reason to Raise Rates Now

Oct. 7 -- Former U.S. Treasury Secretary Lawrence Summers talks about the rational for the Federal Reserve to raise interest rates and why this is not the time for a move. He speaks on "Bloomberg ‹GO›" -- Subscribe to Bloomberg on YouTube: http://www.youtube.com/Bloomberg Bloomberg Television offers extensive coverage and analysis of international business news and stories of global importance. It is available in more than 310 million households worldwide and reaches the most affluent and influential viewers in terms of household income, asset value and education levels. With production hubs in London, New York and Hong Kong, the network provides 24-hour continuous coverage of the people, companies and ideas that move the markets.