Summers: Fed Still 'transitory' On Inflation

Former Treasury Secretary Lawrence H. Summers says the Federal Reserve's pivot toward addressing elevated inflation more quickly is insufficient, and that policy makers are acting like they still believe that price gains will slow substantially on their own. As for the stalling of President Joe Biden's signature tax-and-spending plan in Congress this week, Summers says he's hopeful that an improved version will result in the end. He speaks with David Westin on Bloomberg Television's "Wall Street Week."

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