Summers Says Fed Should Not Cut Rates Right Now

From youtube.com/markets

Former Treasury Secretary Lawrence Summers says he wasn't surprised to see that US inflation rose in March, but the Federal Reserve should not be cutting interest rates now. "On current facts, a rate cut in June it seems to me would be a dangerous and egregious error comparable to the errors the Fed was making in the summer of 2021,” Summers said on Bloomberg Television’s Wall Street Week with David Westin.