Biden Economic Adviser Calls Former Obama Adviser Summers ‘Flat-Out Wrong’ on Risks to Inflation

REPORTER Thank you Just ░░░░░░░░ more follow up from ░░░░░░░░ other Kristen Is the ░░░░░░░░ House s economic team ░░░░░░░░ there anyone on the ░░░░░░░░ that is concerned that ░░░░░░░░ 1 9 trillion is ░░░░░░░░ big is too much ░░░░░░░░ is everybody in agreement ░░░░░░░░ The White House economic ░░░░░░░░ is in complete consensus ░░░░░░░░ the urgency of the ░░░░░░░░ for this American Rescue ░░░░░░░░ and in complete solidarity ░░░░░░░░ the calibration of this ░░░░░░░░ that it s that ░░░░░░░░ s of the magnitude ░░░░░░░░ meet the challenges we ░░░░░░░░ Again the with respect ░░░░░░░░ Larry and his piece ░░░░░░░░ s just flat out ░░░░░░░░ that our team is ░░░░░░░░ dismissive of inflationary risks ░░░░░░░░ Janet Yellen is our ░░░░░░░░ Secretary OK She knows ░░░░░░░░ little something about inflationary ░░░░░░░░ and has tracked that ░░░░░░░░ of you know has ░░░░░░░░ that that economic issue ░░░░░░░░ I just quoted to ░░░░░░░░ from Jerome Powell whose ░░░░░░░░ is to manage that ░░░░░░░░ against the risk of ░░░░░░░░ in the job market ░░░░░░░░ the risk of persistent ░░░░░░░░ against the risk of ░░░░░░░░ getting stuck in joblessness ░░░░░░░░ they can t get ░░░░░░░░ out and get back ░░░░░░░░ the job market against ░░░░░░░░ risk of scarring in ░░░░░░░░ economy meaning not doing ░░░░░░░░ about current damages so ░░░░░░░░ become permanent damages and ░░░░░░░░ can t get back ░░░░░░░░ the labor market and ░░░░░░░░ that should and would ░░░░░░░░ viable on the other ░░░░░░░░ of this crisis fail ░░░░░░░░ we haven t taken ░░░░░░░░ steps to get them ░░░░░░░░ to the other side ░░░░░░░░ the crisis So the ░░░░░░░░ team has all of ░░░░░░░░ oars in the water ░░░░░░░░ in exactly the same ░░░░░░░░ on that.”