Wall Street Week | Larry Summers on the Fed, Argentina Elections, Hinton on AI, Trump’s H-1B Fee
Update: 2025-11-01
Description
Former Treasury Secretary Lawrence Summers backs Federal Reserve Chair Jerome Powell's cautious approach to interest rate cuts, emphasizing the need to avoid premature moves amidst ongoing inflation battles. In Argentina, President Javier Milei gains political momentum post-midterm elections, vowing to push controversial economic reforms despite mixed reactions from investors and citizens. Geoffrey Hinton, the 'Godfather of AI,' warns of the rapid advancement of smart machines, urging global leaders to prioritize safety measures. Meanwhile, former President Donald Trump proposes a $100,000 H-1B visa fee to curb misuse and improve pay for skilled workers, sparking debate on its potential impact on American companies' ability to attract global talent.
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