Biden economic adviser calls Summers ‘flat-out wrong’ with inflation remarks
When Larry Summers, of the Obama White House, is targeted for his inflationary concerns by the Biden White House, watch out.
(From The Hill)
Top White House economic adviser Jared Bernstein on Friday pushed back on public criticism from former Obama economic adviser Larry Summers, who raised concerns in a Washington Post op-ed about the risks to inflation posed by President Biden’s $1.9 trillion coronavirus relief proposal.
Bernstein, a member of the Council of Economic Advisers, told reporters at a White House press briefing that he disagreed with Summers’s op-ed and that the former Treasury secretary was “flat-out wrong” to suggest Biden administration officials were dismissive of the inflationary risks.
This article was originally posted here: https://www.ac2news.com/2021/02/biden-economic-adviser-calls-summers-flat-out-wrong-with-inflation-remarks/.
