Summers Says Fed Policy Is 'On the Loose Side'

Group 1 - The current monetary policy is perceived to be looser than commonly viewed, indicating a potential underestimation of financial conditions [1] - The balance of risks is currently more tilted towards inflation rather than employment, suggesting a shift in focus for policymakers [1] - The assessment indicates that monetary policy signaling may be on the loose side, although this is described as a difference of degree rather than a fundamental change [1]