Former U.S. Treasury Secretary: Fed rate cuts need to be cautious, Republicans will create a "Tesla moment"!

Former US Treasury Secretary Summers said that Republican politicians are creating a "Tras moment" for the United States by advocating for expanding the fiscal deficit and weakening the US dollar. He believes that Republicans do not have a plan to control the deficit and warns the Federal Reserve to be cautious on interest rate cuts and not to act hastily. Summers pointed out that the record-breaking deficit trend in the US will continue to support demand and bring upward pressure on inflation. Previously, he criticized the Fed's strategy to combat inflation. In summary, Summers holds a cautious view on US fiscal policy and the Fed's interest rate cuts