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Published Date Nov 14, 2024

In a talk at the New York Economic Club, Summers says the Jerome Powell-led Federal reserve is still not taking it seriously enough. The video player is currently playing an ad.'My own judgment is that the Fed and markets ae still underestimating the overheating risk,' Summers said.

Read More: Liberal economist Larry Summers issues frightening warning about inflation to Americans following Trump's election

By Caroline Gaudette

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