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Summers on the consumer price surge: time to worry about inflation?

Video Credit: Bleacher Report AOL - Duration: 08:48s - Published
Summers on the consumer price surge: time to worry about inflation?

Summers on the consumer price surge: time to worry about inflation?

Consumer prices are up 5.4% in the past year.

Gas is up 45%.

Former Treasury Sec’y Lawrence Summers says that while the Fed shouldn’t raise the interest rate yet, it should do things like ‘stop buying mortgages…when the housing market is on fire.’


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