Former U.S. Treasury SecretaryLawrence Summershas openly criticized the Federal Reserve's indications of potential interest rate cuts in the near future, questioning the urgency of such decisions in light of a robust economy and persistent inflation concerns.

During an appearance on Bloomberg Television's Wall Street Week, Summers expressed perplexity over the Fed's current stance, especially considering the healthy state of the economy and financial markets.

"My sense is still that the Fed has itchy fingers to start cutting rates, and I don't fully get it," Summers said.

Fed Flags Rate Cuts, Summers See Higher...