Aug 29th, 2020

Summers, Hubbard on Fed's 2% Inflation Target

Former U.S. Treasury Secretary Lawrence H. Summers, a Wall Street Week contributor and adviser to Democratic Presidential Nominee Joe Biden, says the Federal Reserve's consideration for an inflation target is overdue and appropriate. Glenn Hubbard, former U.S. Council of Economic Advisers chair, says the target gives the Fed room to let the economy run hot. They join David Westin on "Bloomberg Wall Street Week." (Source: Bloomberg)