Obama’s Former Economic Adviser On Biden’s Inflation Crisis: ‘My Alarm Is Increasing’
On Monday, Larry Summers, a former economic adviser to President Barack Obama, responded to comments from Biden’s Treasury Secretary Janet Yellen in which she dismissed Summers’ concerns about the inflation crisis. CNN’s Jake Tapper asked Yellen about Summers saying “We’re in more danger than we have been during my career of losing control of inflation in the U.S.” Yellen responded, “I think he’s wrong, I don’t think we’re about to lose control of inflation.” “I agree, of course, we are going through a period of inflation that’s higher than Americans have seen in a long time,” she added. “And it’s