Economics
Summers Warns U.S. Risks Rising Inflation Amid Massive Stimulus
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Former Treasury Secretary Lawrence Summers reiterated his warning that the U.S. risks rising inflation amid massive government stimulus, easy monetary policy and an expected surge in consumer spending as the Covid-19 pandemic recedes.
“The idea that it can’t ratchet up quickly is just plain wrong,” Summers told David Westin on Bloomberg Television’s “Wall Street Week” on Friday.