Summers: Fed policy is relatively loose, inflation is the primary issue

According to ChainCatcher, according to Kingshin, former U.S. Treasury Secretary Summers said that the Fed's policies are tending to be "too loose" and emphasized that the biggest risk faced by the U.S. economy comes from inflation, not the job market. He pointed out that if he is in the position of Chairman Powell, the most worrying issue will definitely focus on the inflation level. Speaking of the Fed's interest rate cut, Summers believes that the Fed did not take action under political pressure, but under the current situation, it is necessary to "do its best" to maintain an anti-inflation stance.