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Bhavik Nair

Larry Summers Is All Praise For Fed's Powell: 'Framed Issues Right, Pointed Toward Appropriate Policy'

Jerome Powell Lawrence H Summers

Former Treasury Secretary Lawrence H. Summers has praised Federal Reserve Chair Jerome Powell for his policy stance stating the apex bank head has framed the issues correctly.

I am not sure of the FOMC statement, which the market read as backing off inflation fighting, but I thought @federalreserve Chairman Powell framed the issues right and pointed towards appropriate policy in his press conference today.
— Lawrence H. Summers (@LHSummers) November 3, 2022

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