The former US Treasury Secretary, Lawrence Summers, recently commented on the Federal Reserve's decision-making process in response to the surge in inflation in 2021. He pointed out that although the Fed's response was not timely enough, leading to one of the lowest points in its monetary policy history, ultimately, the Fed managed to stabilize inflation expectations and achieve economic adjustment through decisive action. Summers highly praised this process, emphasizing that it is crucial to acknowledge and correct mistakes when faced with uncertainties and complexities. He stated, 'We all make many mistakes; what matters is recognizing and correcting them when they occur.' Additionally, Summers gave a positive evaluation of the Fed's decision to cut interest rates in September, while cautioning that long-term impacts of monetary policy should be carefully considered to ensure stable economic growth without exposing risks.