{"id":1991856,"date":"2023-08-05T11:09:04","date_gmt":"2023-08-05T15:09:04","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/former-treasury-secretary-warns-inflation-could-resurge\/"},"modified":"2023-08-05T11:10:49","modified_gmt":"2023-08-05T15:10:49","slug":"former-treasury-secretary-warns-inflation-could-resurge","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/former-treasury-secretary-warns-inflation-could-resurge\/","title":{"rendered":"Ex-Treasury Secretary cautions about potential inflation comeback."},"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\">14<\/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%2Fformer-treasury-secretary-warns-inflation-could-resurge%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=1991856&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--><h2>Former \u200dTreasury Secretary\u200d Lawrence Summers \u2063Warns of Potential Inflation Surge<\/h2>\n<p>In a \u2063recent\u2063 interview \u2064with Bloomberg Television&#8217;s &#8220;Wall Street Week,&#8221; former \u200cTreasury \u200dSecretary Lawrence Summers expressed \u2063his concerns\u200d about the possibility of inflation surging once again.\u2062 While he\u2062 acknowledges \u200dthat a soft \u2063landing for\u2064 the\u2064 American economy \u200cseems more\u2062 probable now than before, he \u200cbelieves that\u200c the acceleration of inflation remains a pressing issue.<\/p>\n<h3>Wage Growth and its Impact \u2064on Inflation<\/h3>\n<p>Summers specifically highlighted \u200cthe\u200b continuous rise in wages as\u2063 a key\u2062 factor contributing to the potential inflation surge. As workers&#8217; wages increase, there is a higher likelihood\u2064 of prices \u200brising, \u200bleading to an overall increase\u200c in inflation rates.<\/p>\n<blockquote><p>&#8220;It is crucial to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/once-again-white-house-avoids-questions-on-gamestop-surge\/\" title=\"Once Again, White House Avoids Questions On GameStop Surge\">closely monitor<\/a> the relationship between <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/under-trump-americans-have-seen-their-best-wage-growth-in-40-years\/\" title=\"Under Trump, Americans Have Seen Their Best Wage Growth In 40 Years\">wage growth<\/a> and inflation. If wages\u2064 continue to rise at their\u2064 current pace, we could see a significant acceleration in inflation.&#8221;<\/p><\/blockquote>\n<h3>The Importance of a Soft Landing<\/h3>\n<p>Despite his concerns about inflation, Summers also <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/top-chinese-diplomat-says-us-too-negative-toward-china-amid-rising-tensions\/\" title=\"Top Chinese Diplomat Says US \u2018Too Negative\u2019 Toward China Amid Rising Tensions\">expressed optimism<\/a>\u200c regarding the American economy&#8217;s trajectory. He believes that \u2062a soft landing, where the economy \u2064transitions smoothly without experiencing \u200da recession, is more likely now than it was previously.<\/p>\n<blockquote><p>&#8220;While\u2062 we must remain vigilant about inflation, I am cautiously optimistic about\u2063 the possibility of a soft landing \u2062for our economy. It is crucial that we strike a balance between <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/historic-significance-of-georgia-senate-contests\/\" title=\"Historic Significance of Georgia Senate Contests\">economic growth<\/a> and price stability.&#8221;<\/p><\/blockquote>\n<p>Summers&#8217;\u200b warning \u2064serves as a reminder of the delicate balance that policymakers must maintain \u2063to ensure a stable and prosperous economy. \u2064By \u200cclosely monitoring wage growth and\u2064 implementing appropriate measures, they can \u2062mitigate the risks\u200b of inflation while <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/former-treasury-secretary-warns-inflation-could-resurge\/\" title=\"Ex-Treasury Secretary cautions about potential inflation comeback.\">fostering sustainable economic growth<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Former Treasury Secretary Lawrence Summers cautioned that inflation may surge once more due to the ongoing rise in wages. Although he now sees a higher possibility of a smooth economic transition, his primary worry is the potential acceleration of inflation. Mr. Summers expressed these concerns during an interview with Bloomberg Television&#8217;s &#8220;Wall Street Week.&#8221;<\/p>\n","protected":false},"author":327,"featured_media":1991857,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[],"class_list":["post-1991856","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1991856","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\/327"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1991856"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1991856\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1991857"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1991856"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1991856"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1991856"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}