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This Economist Says the Fed Is Overstepping – Do We Need A New Measure of Inflation?

This Economist Says the Fed Is Overstepping – Do We Need A New Measure of Inflation?

COLUMN By Michael Kelly Former Treasury Secretary Larry Summers has railed against the latest $1.9 trillion dollar pandemic relief package. Combined with the two passed in 2020, he warned, they could overheat the economy and lead to inflation thus forcing the Fed to raise interest rates, which in turn could cause a recession.  Summers raises […]