Summers Warns of ‘Massive Inflation Psychology’ From Trump Rates

Summers Warns of ‘Massive Inflation Psychology’ From Trump Rates

Former Treasury Secretary Lawrence Summers warned that President Donald Trump’s preference for the Federal Reserve’s interest-rate setting would trigger a surge in expectations for inflation, driving up long-term borrowing costs.

Will Fed Cut Rates By 3%? Is Massive Inflation Returning? Economist Steve Hanke Answers

Steve Hanke criticizes Trump and Fed Chairman Powell for their flawed focus on interest rates over money supply, blames the Fed for exacerbating income inequality, and argues that tariffs cause temporary price blips while money supply drives long-term inflation trends.