Summers: Inflation Above 4% 'Pretty Securely Built in' 

Summers: Inflation Above 4% 'Pretty Securely Built in' 


During an interview aired on Friday’s edition of Bloomberg’s “Wall Street Week,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers said that there is “really no evidence of a significant decline” in inflation and “inflation above 4% looks to be pretty securely built in.”

Summers stated, “Looks like inflation is running at a pretty stable rate. It’s still 2.5 points at least above where it was before this whole episode started. It depends on just how you look at the figures. But really no evidence of a significant decline. If you look at the private sector and you take out benefits, then it’s going up a bit. If you look at

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