Wal-Mart, Starbucks, Aetna’s pay hikes: Why now?

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Wal-Mart, Starbucks, Aetna’s pay hikes: Why now?

Lawrence H. Summers is the Charles W. Eliot University Professor and President Emeritus at Harvard University. He served as the 71st Secretary of the Treasury for President Clinton and the Director of the National Economic Council for President Obama.

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Lawrence H. Summers @lhsummers ·

20 Mar

There is not much ambiguity but that the source of uncertainty in our economy is federal govt policy.

A mix that is stagflationary, pushing up inflation and pushing down GDP. A perverse mix usually governments want to avoid. ⁦⁦@hereandnow⁩ ⁦

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Lawrence H. Summers @lhsummers ·

20 Mar

We should be focused on the fact that we had a shock that pushed inflation up and growth down. That's a bad supply shock, a self-inflicted wound.

It tells us that policy is moving in the wrong direction. It's a shot against the bow of the @realDonaldTrump tariff policies,…

Bloomberg TV @BloombergTV

Former Treasury Secretary @LHSummers says he's "astonished" that Fed Chair Powell used the word "transitory" to describe the effects of President Donald Trump's tariffs policy on the economy.

Tune into “Wall Street Week,” airing Friday's at 6 pm ET https://trib.al/vxy4Vfn

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