
Bloomberg Wall Street Week April 28th, 2023
Wall Street Week
The Fed's Expectations for May
Larry Summers of Harvard joins David Weston on Wall Street Week. He says the ECI number was most important for him because it shows strength in the labor market. But he thinks we've got a stagflationary problem developing where base inflation is well above target. And that's not going to get back to target without a meaningful slowdown in the economy,Summers says.
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