Larry Summers: ‘We Are Basically Moving Towards Higher Entrenched Inflation’

‘We’ve got an overheated economy’

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SUMMERS: "We are basically moving towards higher entrenched inflation. It's there in expectations, it's there in wages, it's there in labor shortages, it's there in the pervasive pattern across many different prices. And people try to excuse it by picking this figure and that figure from month to month, but we've got an overheated economy."

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