Larry Summers Warns of Inflation Risks Pre-Trump Era

Economist Larry Summers warns that inflation risks remain despite recent economic improvements, cautioning that the Federal Reserve may be underestimating the potential for economic overheating. He criticizes the Fed's recent interest rate cuts and expresses concern over President-elect Donald Trump's policies, which could exacerbate inflation. Summers highlights the dangers of aggressive tariffs and mass deportations, which could lead to supply shocks and labor shortages, respectively.