Summers: "Fool's Game" for Politicians to Get Involved with Fed

"Fool's game" and politicians influencing Fed: Good thing politicians are never fools.

Trump is following Erdogan..Erdogan said "I am the president of this country, interest rate decision impacts everybody in my country, central bank can't set interest rates against my economic agenda"...Then Erdogan changed the laws so that he can replace the central bank chief whenever he wants...Then Turkey set hugely negative real interest and inflation jumped to 100%+...Then Erdogan replaced the staff who is in charge of measuring inflation, they reported about half of the real inflation rate. When this saga started USD was buying 9 turkish lira 3 years ago, now it buys 33 lira...Trump will straight follow Erdogan, crush USD, inflation will shoot up and Trump will give stimulus to hard working americans to help with raging inflation, which will further spike inflation...Same type of non-sense happened many times in world history, just look at Venezuela, Turkey, Argentina, Brazil etc

There are hundreds of millions of people that know better than the chair of the fed

Did Larry have a stroke ? My brother had one and speaks like that now.

Politicians , wall street, corporations, the wealthy shouldn't be trying to pressure the fed.

Ok Summers ,tell us who gets the interest on fiat currency created on a keystone by the FED,and who owners the Fed.

:fish-orange-wide-eyes:A pound of ground round = $8.25 after tax money + 10% sales Tax out the door Thanks Washington DC