Summers: Without Changes, We’ll ‘Entrench Inflation Way above 2%’ – Reconciliation Bill Will Increase 2022 and 2023 Inflation

Breitbart ^ | 12/11/2021 | Ian hatchett

[ChicagoConservative27]

On Friday’s broadcast of Bloomberg TV’s “Wall Street Week,” economist Larry Summers stated that “we’re going to entrench inflation way above 2%, perhaps in the 4% or even higher range, unless something happens to break the current mood,” and the Build Back Better reconciliation bill will increase inflation over the next two years, but it could be offset by the Federal Reserve’s monetary policy.

[ChicagoConservative27]

Don't underestimate Brandon to screw things up

[hardspunned]

This guy’s worried about entrenching inflation at 4%? I’d jump all over a 4% rate. I’m worried about 40+% next year.

[Artemis Webb]

Worse than 4%. More like 6%.

[Carriage Hill]

Depending upon the category, inflation is raging from 7% to 15%, and maybe higher.