Inflation fears can become self-reinforcing, so Summers saying it's worse than he thought could help drive a cycle leading to more inflation overall.

Former Treasury Secretary Larry Summers.
REUTERS/Jonathan Ernst

Former Treasury Secretary Larry Summers said inflation is surging faster than even ...

https://www.businessinsider.com/larry-summers-inflation-outlook-surging-faster-expected-economic-recovery-prices-2021-5

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