06-09-2016 16:46 via feedproxy.google.com

LARRY SUMMERS: Janet Yellen just made a call that could tarnish her legacy at the Fed

Larry Summers is worried about Federal Reserve Board Chair Janet Yellen.
In a piece in The Washington Post published Tuesday, Summers argues that Yellen's speech at August's Jackson Hole Symposium could rank with one of the most infamously bad calls in Fed history.
Here's Summers (emphasis mine):
"My second reason for disappointment in Jackson Hole was that Federal Reserve Board Chair Janet L. Yellen, while very thoughtful and analytic, was too complacent to conclude that 'even if average intere
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