Gold Ten Data, August 24th News, former US Treasury Secretary Summers said that although the Federal Reserve failed to take prompt action to deal with the soaring inflation in 2021, hitting a “low point” in its monetary policy history, it eventually made sufficient efforts to correct the economy. “I must commend the Federal Reserve…Although the situation is not always clear, they have taken strong and powerful actions to maintain stable inflation expectations.” Summers said:" We will all make many mistakes, but it is important to recognize and correct them when you make a mistake." However, although the former Treasury Secretary said that cutting interest rates at the Fed’s September meeting was “the right thing to do,” he believes that “we need to be more cautious about the mid-term prospects of para politikası.”
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ABD eski maliye bakanı Summers: Fed 'ciddi' enflasyon hatasından kurtuldu
Gold Ten Data, August 24th News, former US Treasury Secretary Summers said that although the Federal Reserve failed to take prompt action to deal with the soaring inflation in 2021, hitting a “low point” in its monetary policy history, it eventually made sufficient efforts to correct the economy. “I must commend the Federal Reserve…Although the situation is not always clear, they have taken strong and powerful actions to maintain stable inflation expectations.” Summers said:" We will all make many mistakes, but it is important to recognize and correct them when you make a mistake." However, although the former Treasury Secretary said that cutting interest rates at the Fed’s September meeting was “the right thing to do,” he believes that “we need to be more cautious about the mid-term prospects of para politikası.”