Results for: Larry Summers

Former Treasury Secretary Larry Summers issued a stark warning about the potentially devastating inflationary consequences of President-elect Donald Trump’s proposed economic policies, drawing parallels to the inflationary spiral under President Nixon. Summers highlighted the risks to investors and markets, contrasting Trump’s plans with the current relatively low inflation rate.

Former Treasury Secretary Larry Summers issued a stark warning about the potential for significant economic disruption under a Trump administration, citing proposed policies that could trigger a substantial inflation shock. His concerns, echoed by Goldman Sachs, center on massive tax cuts, tariffs, and potential labor market disruptions.