Odaily News Former U.S. Treasury Secretary Summers said the Federal Reserve's monetary policy is not as tight as investors may think, which makes the market more vulnerable to entering bubble territory. Summers said in an interview with Bloomberg last Saturday that the U.S. economy remains strong, employment is good, and economic growth remains resilient. This surprised some Wall Street giants such as JPMorgan Chase CEO Dimon and Bridgewater founder Dalio, who had previously predicted that the economy would fall into recession as the Fed began to fight inflation. But Summers pointed out that the strong U.S. economy may actually be bad news for U.S. stocks because it shows that the Federal Reserve's monetary policy is not as tight as the market thinks. Summers warned that the probability of the Federal Reserve not cutting interest rates in 2024 may have increased slightly to more than 15%, which is bearish for U.S. stocks. (Jinshi)