Inflation Caused by Fed Dismissing Concerns as Transient: Summers


From Bloomberg Markets and Finance.

Mar.05 — Former U.S. Treasury Secretary Lawrence H. Summers, a Wall Street Week contributor, says that every great inflation is caused by a central bank that dismisses it as transient. He thinks the Fed should be prepared to cause pain if it wants to get inflation under control. He joins David Westin on "Bloomberg Wall Street Week."

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