{"id":1005006,"date":"2021-11-12T21:13:47","date_gmt":"2021-11-13T02:13:47","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1005006"},"modified":"2021-11-12T21:13:50","modified_gmt":"2021-11-13T02:13:50","slug":"summers-odds-are-well-have-inflation-we-havent-seen-in-30-years-on-current-path","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/summers-odds-are-well-have-inflation-we-havent-seen-in-30-years-on-current-path\/","title":{"rendered":"Summers: Odds Are We&#039;ll Have Inflation &#039;We Haven&#039;t Seen in 30 Years&#039; on Current Path"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsummers-odds-are-well-have-inflation-we-havent-seen-in-30-years-on-current-path%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1005006&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2021\/11\/Summers-1112-Thumbnail-640x335-1.jpg\" class=\"ff-og-image-inserted\" \/><\/div>\n<p>On Friday\u2019s broadcast of CNN\u2019s \u201cOutFront,\u201d economist Larry Summers predicted that unless the Federal Reserve significantly changes monetary policy or something changes current economic growth, \u201codds are that we\u2019re going to have inflation of a kind we haven\u2019t seen in 30 years\u201d and that it\u2019s \u201cquite unlikely\u201d inflation will go back to a normal level \u201cwithout some significant change in the path we\u2019re now on.\u201d<\/p>\n<p>Summers stated, \u201cI think the odds are that we\u2019re going to have inflation of a kind we haven\u2019t seen in 30 years until either the Fed takes some significant move with respect to monetary policy or until there\u2019s some kind of accident that disrupts the rapid economic growth we\u2019re enjoying. I think it\u2019s possible, but quite unlikely, that inflation will recede back to its normal 2% level without some significant change in the path we\u2019re now on. I think the Fed has made a significant mistake in the approach that it\u2019s taking by doubling down on the massive fiscal stimulus we had at the beginning of the year with really easy monetary policy.\u201d<\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p>He later added, \u201cThe current problem is that we\u2019re pushing demand into the economy faster than supply can grow and that we\u2019re just going to get more and more inflation until we stop doing that.\u201d<\/p>\n<p><em>Follow <\/em><em>Ian&nbsp;Hanchett on Twitter&nbsp;<a class=\"x5l\" href=\"https:\/\/twitter.com\/IanHanchett\" target=\"_blank\" rel=\"noopener external\">@IanHanchett<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Friday\u2019s broadcast of CNN\u2019s \u201cOutFront,\u201d economist Larry Summers predicted that unless the Federal Reserve significantly changes monetary policy or something changes current economic growth, \u201codds are that we\u2019re going &#8230;<\/p>\n","protected":false},"author":33,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1005006","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1005006","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1005006"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1005006\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1005006"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1005006"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1005006"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}