Trump tax proposals would spark “mother of all stagflations,” warns Larry Summers
The former US Treasury secretary blasts the policy platform of tariff hikes, income tax cuts, and Federal Reserve pressure.
Former Treasury Secretary Lawrence Summers blasted policy ideas floated by former President Donald Trump as immensely damaging to both the US and the global economy.
“This is a prescription for the mother of all stagflations,” Summers said on Bloomberg Television’s Wall Street Week with D
Learn more about reprints and licensing for this article.
