Larry Summers says the Fed and investors are ‘badly wrong’ on inflation’s path

Former Treasury Secretary Larry Summers on Monday took aim at the Federal Reserve’s strategy for defeating inflation, while also taking credit for predicting last year that markets and policymakers were overstating the likelihood of several interest-rate cuts in 2024.
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[mwai_chat context=”Let’s have a discussion about this article:nnFormer Treasury Secretary Larry Summers on Monday took aim at the Federal Reserve’s strategy