What Would Larry Summers Tell Yellen to Do?

The transcript discusses Larry Summers' views on the Federal Reserve's decisions, particularly his criticism of the rate hikes and his suggestion to consider nominal GDP as a target. It compares Summers' and Janet Yellen's economic perspectives, noting their similarities and differences. Summers' concept of secular stagnation is introduced, highlighting economic conditions reminiscent of the Great Depression. The discussion also touches on Summers' independence as a Harvard professor versus Yellen's constraints as Fed Chair.

What was the significance of the comparison made by Barack Obama regarding Larry Summers and Janet Yellen?

In what way did Larry Summers' position change after he was no longer a candidate for the Fed chairmanship?