Reported 11 days ago
Larry Summers, the former Treasury Secretary, has raised concerns about persistent inflation risks as the Federal Reserve begins to cut interest rates. Despite a temporary easing of price spikes, he cautions that incoming policies from Donald Trump's administration could further exacerbate inflation pressures. Summers emphasizes that the Fed may be underestimating the risk of an overheating economy, highlighting significant potential price increases if Trump's proposed tariffs and immigration policies are implemented.
Source: YAHOO