Former Treasury Secretary Lawrence Summers Fears the Fed Is Confusing Investors With Loose Monetary Policy

Former Treasury Secretary Lawrence Summers Fears the Fed Is Confusing Investors With Loose Monetary Policy
Then-U.S. National Economic Council Chairman Larry Summers meets with Chinese Minister Li Yuanchao in Beijing on Sept. 6, 2010. Feng Li/Getty Images
Bryan Jung
Updated:
The Federal Reserve needs to alert investors that in order to contain inflation, the central bank will have to impose a restrictive monetary policy that will drive up the U.S. unemployment rate, former Treasury Secretary Lawrence Summers said in a recent interview for Bloomberg Television.

Summers, who was also a director of the White House National Economic Council under President Barack Obama, said the leadership at the Fed is causing confusion among investors by avoiding a clear declaration on its future policy rate stance.

Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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