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Summers: Constricting Fed’s Ability to Act is ‘Height of Foolishness’

Nov.20 — ormer U.S. Treasury Secretary Lawrence H. Summers, a Wall Street Week contributor and adviser to President-elect Joe Biden’s campaign, says that Treasury Secretary Steven Mnuchin’s decision to ask the Federal Reserve to return funds is reckless because it restricts the Fed from acting at a time when fiscal stimulus is uncertain. He joins David Westin on "Bloomberg Wall Street Week."

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