[former US Treasury Secretary Summers: the Fed's actions this week are confusing] on June 16th, former US Treasury Secretary Summers said that Fed policy makers seemed to take a series of inconsistent actions in the light of the Fed's internal developments this week. "I think the Fed's actions are a little confusing," Summers said in an interview, saying that although there was reason not to raise interest rates on Wednesday, this is not in line with the Fed's practice of raising interest rates twice and raising economic growth expectations for the rest of the year. Summers also said that the inflation threat facing the ECB is more prominent than that of the Federal Reserve.