Larry Summers, other economic experts

News Snapshot:

Douglas Holtz-Eakin, president of the centre-right American Action Forum and a former director of the Congressional Budget Office, is sympathetic to many elements of Trump’s agenda and critical of Biden’s. But Holtz-Eakin agrees that Trump’s economic plan “doesn’t bode well” for “the cost of living”. Summers, who served as Treasury secretary for Bill Clinton and the top White House economic adviser for Barack Obama, took substantial flak from fellow Democrats when he repeatedly warned that Biden was risking high inflation by pushing through Congress another massive COVID-relief package in 2021, while the Federal Reserve Board was still maintaining interest rates...