Economics

Summers Says He Doubts U.S. Inflation Will Slow to 2% This Year

Summers says policy makers still complacent on prices
Former Treasury chief says Fed faces ‘delicate operation’

Former Treasury Secretary Lawrence Summers says the U.S. economy is “looking like it’s above the speed limit.”Source: Bloomberg

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By Simon Kennedy

January 21, 2022 at 5:32 PM UTC

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Former Treasury Secretary Lawrence Summers said he remains worried that policy makers are complacent about inflation and he doubted U.S. consumer prices will return to a 2% pace of increases by the end of this year.