Larry Summers Says the Fed Needs to be More Careful

Former U.S. Treasury Secretary Lawrence H. Summers says his outlook on the U.S. economy is souring and that the Fed has to pivot to stamp out rising inflation. He also points out that the risk of overheating is much more pronounced than the risk of deflation. Summers speaks with David Westin on Bloomberg Television's "Wall Street Week."

[timstevens]

i was never a fan of Larry Summers
however he is one of a very few on d crazy side
that is actually somewhat sensible.

[JohnDaniels]

The FED pumped almost 10 trillion dollars into the economy, until they take that 10 trillion out of the economy we will have high inflation.

[kikolatulipe]

Bloomberg, is Summer the only economist in the US ?

[DeepakSharma_Tao]

US FED has made a living hell for middle class all over and every tax payer! Its so shameful that ex-Investment bankers are at the helm of US FED printing insane amount of money to fund wall street cons, corrupt bailouts, fund wars and lastly, the worse is exporting inflation to so-called developing countries like India. We had been in several phases of lockdowns here in India, and inflation has been soaring high and high! These crazy policy makers are worse than politicians..Tax-payers should do everything to not pay taxes to these butcher politicians.

[chandraalbuquerque]

We have smart economists like Summers pointing to inflation for some time but we choose to work with a insider trading lawyer chanting Transitory to jack up the stock markets for the wall street buddies since he was born supported by a grandma who has somehow filled up her own wallet with lots of money earlier at Fed and now at Treasury blackmailing congress as well as American public with cries of 'recession' if her demands of money are not met - why can there be no choice for Fed and Treasury who are from regular economic circles rather than those living in stratosphere with millions in net worth or Goldman vultures.

[lpgoog]

You think the board he serves on creates bias in his opinion?

[gadsaad]

Invest in the IRS because they go after the little guy because big guys can fight back with attorneys.

[wy]

No one knows the furture is so correct

[sky-eotz]

l moved to SOLANA and AVAX and some of MANA and SAND

[netstarr]

And I think your too big government should get out and stay out of our lives and not sit around thinking of ways to tax us. And stop printing our money to pay for your oversized governments.

[bananarepublic]

amen, the key to economic progress is the estate tax!

[prestonvanhorn]

I am so tired of this “inflation” debate. The Fed needs to increase their support of our amazing economy, not decrease it. They should drop rates to negative 3-4% and increase their asset purchase to $340B per month. If they do this we can all be rich in about a years time.

🚀🚀🚀🚀🌚

[jacobrivera]

Well I'm a gray collar worker & if I make it so big my family doesn't have to work that's my business also define work! Some people make a living with their thumb. I'd like to show you a different finger