Former Treasury Secretary Lawrence Summers has expressed concern over the Federal Reserve’s decision to slow down its balance-sheet runoff, citing a worrying signal about market demand for longer-term federal debt. The move suggests that policymakers have determined there is limited absorption capacity in markets for long-term bonds, according to Summers.
Source: https://www.bloomberg.com/news/articles/2025-03-20/summers-says-qt-slowdown-is-alarming-signal-on-debt-fragility