Larry Summers expresses disappointment over corporations' silence on Trump

Trump's Criticism of the Federal Reserve: President Trump has openly criticized the Federal Reserve's monetary policy, specifically targeting Fed Chair Jerome Powell and Governor Lisa Cook during his second term.

Larry Summers' Concerns: Former Treasury Secretary Larry Summers warns that Trump's pressure on independent institutions like the Fed poses a "profound threat" to the US economy in the long run.

Fed Independence Questioned: The relationship between President Trump and Jerome Powell has been strained, raising questions about the independence of the Federal Reserve amid calls for lower interest rates.

Chilling Effects on American Politics: Summers expresses concern over the use of legal pressure against political adversaries, suggesting that if such tactics become normalized, it could lead to significant long-term economic consequences for the United States.