By The Federal Reserve “lost its way” last year as inflation gripped American households and still isn’t being realistic about the impact it will have on the economy, ex-Treasury Secretary Larry Summers warned on Friday.
Summers, who was far ahead of the Fed in predicting price surges over the last year, stepped up his criticism of the central bank after federal data showed inflation spiked to a new peak of 9.1% in June.
“In…
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