On February 12th, four years ago, former US Treasury Secretary Lawrence Summers accused US fiscal and monetary policy makers of excessive stimulus, which could trigger the largest inflation surge in a generation. Four years later, he warned of the danger of price pressure erupting again. Since the serious inflation caused by policy mistakes in 2021, this may be the most sensitive moment for inflation escalation, “Summers said in an interview with David Westin on Bloomberg TV’s” Wall Street Week “program. Now is the moment when we must be very cautious about inflation, even before you see the policies introduced by the White House. He urged the Federal Reserve to remain vigilant about price pressures and believed that there may not be further interest rate cuts in the current cycle.
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