former US Treasury Secretary Summers said that the Fed's policy is leaning towards being "too loose," and emphasized that the biggest risk facing the US economy comes from inflation, not the job market. Summers said: "If I were in Chairman Powell's position, the most worrying issue would definitely be centered on the inflation aspect." Referring to the Fed's rate cut measures, Summers said: "I don't think they did it under political pressure, but I think, at this moment, (the Fed) must 'do their best' (to maintain an anti-inflation stance). And I'm not sure if they have achieved the 'extent of effort' that I expect."
