Summers Warns: Is the Fed Too Soft on Inflation?

Is the Fed being too lenient on inflation? Former Treasury Secretary Lawrence Summers raises concerns that the central bank is underestimating the risk of rising prices, especially with new forecasts predicting higher inflation. He argues the Fed's focus should be on maintaining its 2% target, warning against the dangers of the US becoming accustomed to higher inflation, and stresses the importance of the Fed remaining independent from political pressures. Hosted on Acast. See acast.com/privacy for more information.