Larry Summers sounds the alarm bell on inflation – before Trump even takes office
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Larry Summers warned about inflation risks to the White House in spring 2021; inflation surged, leading to high interest rates; Summers cautioned again on November 12, 2024, that inflation risks remain underestimated; he criticized the Fed's recent rate cuts; consumer prices rose 2.4% year-over-year as of September 2024; forecasters expect October's inflation rate to rise to 2.6%; Summers expressed concern over Trump's potential inflationary policies, including aggressive tariffs and mass deportations, which could lead to labor shortages and higher prices.
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https://www.erienewsnow.com/story/51784842/larry-summers-sounds-the-alarm-bell-on-inflation-before-trump-even-takes-office
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