An economist for Presidents Bill Clinton and Barack Obama is warning President Joe Biden he needs to take the current inflation crisis a lot more seriously.
Lawrence Summers, who served as Clinton’s secretary of the Treasury and one of Obama’s top economic advisers, was reacting to Monday’s Labor Department report that the Consumer Price Index “rose 6.8% for the 12 months ending in October, the largest 12-month increase since the period ending June 1982.”
The report adds: The monthly all items seasonally adjusted increase was the result of broad increases in most component indexes, similar to last month. The indexes […]
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