fbpx Summers Sees Fed in a ‘Different Place’ on Inflation Than Before - Lawrence Summers | Harvard Kennedy School

HKS Affiliated Authors

Frank and Denie Weil Director of the Mossavar-Rahmani Center for Business and Government
Charles W. Eliot University Professor

Excerpt

June 18, 2021, Video: "Former U.S. Treasury Secretary Lawrence Summers said the Federal Reserve this week acknowledged the threat of an inflation outbreak is greater than it previously thought.  “The Fed signaled that it recognized that we were in a different place than it expected,” Summers told Bloomberg Television’s “Wall Street Week” with David Westin. “That was an appropriate change, given the inflation reality.”"

HKS Author - Lawrence Summers