Wall Street Week, Bloomberg TV
September 19, 2025
HKS Authors
See citation below for complete author information.
Frank and Denie Weil Director of the Mossavar-Rahmani Center for Business and Government (on leave)
Charles W. Eliot University Professor
Abstract
Former Treasury Secretary Lawrence H. Summers says the situation facing Powell’s Fed is unlike anything in modern history, and says the rate cut shifts the balance of risk more towards inflation rather than unemployment.. But, how loose is too loose?
Citation
Summers, Lawrence H. "Larry Summers on Powell: Fed Faces 'Unprecedented' Inflation vs Jobs Dilemma." Wall Street Week, Bloomberg TV, September 19, 2025.