I don't think Janet Yellen was as quick as she might have been to recognize the magnitude of the inflation threat in her public comments. I'm not sure that a harder landing than she expects isn't what's likely. But look, it's much easier to make observations from the cheap seats than it is to be in the job and sitting with the responsibility of speaking on economic issues for the president.
We turn to economist and former Treasury Secretary, Lawrence Summers, to help us make sense of inflation, Silicon Valley Bank and what Biden should do next. Also on the agenda: why Summers believes in a politics and economics of opportunity — “not of envy.” Plus, why he thinks America needs more people like Jeff Bezos and Bill Gates.
Questions? Comments? Email us at on@voxmedia.com or find us on Twitter @karaswisher and @nayeema
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