Tuesday, March 4, 2025

Tag: There’s a War for the Fed’s Ear on Inflation Between Larry Summers and Jeremy Siegel – It’s Getting Nasty

There’s a War for the Fed’s Ear on Inflation Between Larry Summers and Jeremy Siegel – It’s Getting Nasty

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    by Pam Martens and Russ Martens, Wall St On Parade:

    Both Wharton finance professor Jeremy Siegel and Harvard economics professor Larry Summers are trolling Federal Reserve Chairman Jerome Powell. Siegel thinks Powell is “talking way too tough” on inflation while Summers thinks Powell is not restrictive enough.

    Siegel appeared on CNBC yesterday and scolded Powell to “offer the American people an apology” for his poor monetary policy over the years. In a Tweet, Summers effectively told the Fed Chairman to shut up, lecturing him on not talking so much at his press conferences. (See Tweets below.)