Economics

Summers Says Delta Spread Risks Escalating Inflation Concerns

Former Treasury chief says variant risks demand, supply hits
Summers repeats Fed should spot U.S. economy is overheating

Summers says macro economic policy should remain the "core task" at the Federal Reserve, with responsibility for environmental and social justice concerns left to the government. He speaks with Bloomberg’s David Westin on "Wall Street Week," which airs Friday at 6 p.m. New York time. To watch an excerpt, click the play button.

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By Simon Kennedy

August 6, 2021 at 5:18 PM UTC

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Former U.S. Treasury Secretary Lawrence Summers said the emergence of the delta variant poses another inflation threat in a U.S. economy that already appears to be overheating.