Reported about 1 month ago
Former Chairman of the Council of Economic Advisers, Jason Furman, discusses Larry Summers' criticism of the Federal Reserve's recent rate cut during an interview. Furman emphasizes the existing inflation risks in the economy, suggesting that while the Fed's monetary policy should remain cautious, it does not need to be as restrictive as in the past. He believes there is still significant demand in the economy despite low unemployment rates.
Source: YAHOO