During an interview aired on Friday’s broadcast of Bloomberg’s “Wall Street Week,” economist, Harvard Professor, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers dismissed President Joe Biden’s attempt to
On Friday’s broadcast of ABC’s “GMA3,” economist, Harvard Professor, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers called on the Federal Reserve to raise interest rates and signal that further
On Friday’s broadcast of ABC’s “GMA3,” economist, Harvard Professor, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers predicted that while ending the war in Ukraine will help the economy, we
On Friday’s broadcast of Bloomberg’s “Wall Street Week,” economist Larry Summers stated that “we’re now facing real risks of a 1970s-type scenario…the same kind of broad phenomenon of stagflation.” And that this is partially “a response to the excessive stimulation
During an interview with Bloomberg on Wednesday, economist Larry Summers said that we’re “at or over the brink of a spiral of rising inflation breaking out.” And the increase in oil prices has made it more difficult to control inflation
On Thursday’s broadcast of MSNBC’s “Andrea Mitchell Reports,” economist Lawrence Summers stated that he thinks defeating inflation will probably require higher interest rates than foreseen by the Federal Reserve and the market, so “the risks of some form of economic
On Wednesday’s broadcast of CNN’s “OutFront,” economist Larry Summers said that there is “a real problem” with inflation that “was a foreseeable problem a year ago,” and “we’re looking at a situation right now that is fundamentally unsustainable.” But “by
On Wednesday’s broadcast of CNN’s “OutFront,” economist Larry Summers reacted to the Federal Reserve’s inflation policy announcements by stating that the Federal Reserve still has “a long way to go” and that combatting the inflation problem is “going to require
On Friday’s broadcast of Bloomberg TV’s “Wall Street Week,” economist Larry Summers stated that “we’re going to entrench inflation way above 2%, perhaps in the 4% or even higher range, unless something happens to break the current mood,” and the
On Friday’s “CNN Tonight,” economist Larry Summers stated that while he supports the Build Back Better reconciliation bill, runs “incremental deficits for the first few years. That’s not the right thing to be doing and we should scale that back.”
During an interview aired on Friday’s broadcast of the Fox Business Network’s “WSJ at Large,” Rep. Ro Khanna (D-CA) stated that he “understood” economist Larry Summers’ point about prior spending bills causing inflation, “I just thought that the working class
On Tuesday’s “PBS NewsHour,” economist Larry Summers said that inflation is “threatening to become a spiral,” there needs to be quick action to stop the “inflationary psychology” that currently exists, and that if inflation grows, “it’s going to be very
On Friday’s broadcast of CNN’s “OutFront,” economist Larry Summers predicted that unless the Federal Reserve significantly changes monetary policy or something changes current economic growth, “odds are that we’re going to have inflation of a kind we haven’t seen in
On Wednesday’s broadcast of CNN’s “Cuomo Primetime,” economist Lawrence Summers stated that the Biden administration isn’t “recognizing just how much demand is being created by the tremendous wall of money” they released with previous spending packages, inflation causes a spiral,
On Wednesday’s broadcast of CNN’s “Cuomo Primetime,” economist Lawrence Summers argued the Biden administration should “get a set of things to encourage energy production so that gasoline prices could come down” to help deal with inflation problems. Summers said he
During an interview aired on Friday’s edition of PBS’ “Firing Line,” economist Lawrence Summers argued that one reason for the job shortage is that we have “completely inappropriate” unemployment benefits “on excessively generous terms where we’re giving people more money for
During an interview aired on Friday’s edition of PBS’ “Firing Line,” economist Lawrence Summers stated that the “main risk” to the economy is that it will overheat, “And then once it overheats, it’s going to be hard to put out
On Thursday’s broadcast of CNN’s “New Day,” Lawrence Summers, who served as Treasury Secretary under President Clinton, stated President Trump’s attacks on Amazon are “a Mussolini tactic,” and something pro-business Republicans would “be berserk about” if a Democrat did. Summers