The former treasury secretary said the Fed and the economy remain skeptical about how difficult it is to tackle inflation.

Former US Treasury Secretary Lawrence Summers said on Jan. 8 that despite the recent hawkish move by the Fed and US debt cuts, lawmakers and investors had yet to foresee the risks of action needed to inflation. I still don't know what to do. "The decision of the industry and the Fed is that there will be no need to raise federal funds above 2.5% to control inflation for some, and Summers believes that will not happen. if possible. The US economy is down and only when it cannot resist skepticism. Summers also noted that Friday's earnings report was "strong" and saw profits rise. Growth is driven by rising inflation. Unless the economy cools, inflation will not slow. (Golden Ten)