‘The risk is that we’re going to hit the brakes very, very hard,’ Larry Summers says

“‘The risk is that we’re going to hit the brakes very, very hard.’ ” — Larry Summers Almost a full year of monetary-policy tightening by the Federal Reserve appears to be having little impact on price...

Fed chief Powell ‘did what he needed to do’ in Jackson Hole, Larry Summers says

“ ‘The Fed is positioned as well as it can be — given the credibility losses and mistakes that there have been — with these remarks to manage things going forward.’ ” — Larry Summers Former U.S. Treas...