Contradicting Yellen, Summers Says Inflation Won’t Sink to 2% in 2022

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The Street

By Ellen Chang Former Treasury Secretary is best known for saying there are fewer female mathematicians because of biological differences between the sexes. Policy makers could be complacent about inflation’s rise and its impact to good and services that consumers pay for, according to former Treasury Secretary Lawrence Summers. Summers does not believe that the rate of inflation could decline back down to 2% in 2022, according to Bloomberg Television’s “Wall Street Week” with David Westin. Yellen Posits A Steeper DropJanet Yellen, the current Treasury chief and a former Fed chair, told CNBC t…

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