Former Obama adviser says uncontrolled inflation 'risks bringing Donald Trump back to power'

Former Obama adviser says uncontrolled inflation 'risks bringing Donald Trump back to power'


Former Treasury Secretary Larry Summers , a Democrat, says that the country’s too-high inflation could lead to Donald Trump being reelected to the presidency.

Summers, who served as treasury secretary under President Bill Clinton and director of the National Economic Council under President Barack Obama, has been a stalwart critic of the Federal Reserve’s and the Biden administration’s handling of inflation and argued in a Monday Washington Post op-ed that the government must reevaluate the threat that higher prices play.

“After years of advocating more expansionary fiscal and monetary policy, I altered my view this past winter, and I believe the Biden administration and the Federal Reserve need to further adjust their thinking on inflation today,” he said.

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“Excessive

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