Summers Slams Woke Fed for Risking Losing Control of Inflation

Bloomberg2021-10-14

Former Treasury Secretary Lawrence Summers castigated monetary policy makers in the U.S. and elsewhere for paying too much attention to social issues and not enough to the biggest risk to inflation ...

网页链接

免责声明：本文观点仅代表作者个人观点，不构成本平台的投资建议，本平台不对文章信息准确性、完整性和及时性做出任何保证，亦不对因使用或信赖文章信息引发的任何损失承担责任。

精彩评论

KYHBKO
2021-10-14
KYHBKO
a so called transitory inflation has overstayed. this may not be welcoming as the impact to society is not curbed promptly. with the supply chain issues of the western ports easing in 2022, I am afraid that the increasing price of crude oil will continue to drive the prices upwards.there is a limit to how much we can ignore but the general population has been feeling the pinch much more than wealthy. there will be a point of no turns when it is no longer in the hands of the Fed. the Fed needs to take control while it is still within their court. they will face a recession costing USA precious years to get back to her feet. let's monitor closely and take our positions wisely.
- Berrylike:
  👍
- CCYMoney:
  Like
gravitytogo
2021-10-14
gravitytogo
Ok

发表看法

{"i18n":{"language":"zh_CN"},"isChannel":false,"data":{"share":"https://www.laohu8.com/m/news/1147130429?lang=zh_CN&edition=full","thumbnail":"","is_english":true,"pubTime":"2021-10-14 13:47","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1147130429","market":"us","top_or_hot":-1,"title":"Summers Slams Woke Fed for Risking Losing Control of Inflation","media":"Bloomberg","content":"<div>\n<p>Former Treasury Secretary Lawrence Summers castigated monetary policy makers in the U.S. and elsewhere for paying too much attention to social issues and not enough to the biggest risk to inflation ...</p>\n\n<a href=\"https://finance.yahoo.com/news/summers-slams-woke-fed-risking-220440653.html\">网页链接</a>\n\n</div>\n","source":"lsy1584095487587","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Summers Slams Woke Fed for Risking Losing Control of Inflation</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSummers Slams Woke Fed for Risking Losing Control of Inflation\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-10-14 13:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/summers-slams-woke-fed-risking-220440653.html><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Former Treasury Secretary Lawrence Summers castigated monetary policy makers in the U.S. and elsewhere for paying too much attention to social issues and not enough to the biggest risk to inflation ...</p>\n\n<a href=\"https://finance.yahoo.com/news/summers-slams-woke-fed-risking-220440653.html\">网页链接</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":null,"symbol_name":null,"start_time":0,"source_url":"https://finance.yahoo.com/news/summers-slams-woke-fed-risking-220440653.html","article_id":"1147130429","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1147130429","pubTimestamp":1634190453,"columns":[],"sourceInfo":{"source_id":"lsy1584095487587","name":"Bloomberg"},"weMediaInfo":null,"summary":"Former Treasury Secretary Lawrence Summers castigated monetary policy makers in the U.S. and elsewhe","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{},"translate_title":"萨默斯抨击美联储有失控通胀的风险","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{},"content_text":"Former Treasury Secretary Lawrence Summers castigated monetary policy makers in the U.S. and elsewhere for paying too much attention to social issues and not enough to the biggest risk to inflation since the 1970s.\n“We have a generation of central bankers who are defining themselves by their wokeness,” Summers, who is now a professor at Harvard University, said on Wednesday. “They’re defining themselves by how socially concerned they are.”\nSpeaking to a virtual conference organized by the Institute of International Finance, Summers compared the arguments by the Federal Reserve and other central banks downplaying the risk of inflation to those made by former Fed chairs Arthur Burns and G. William Miller, who presided over the central bank in the 1970s when the annual pace of price rises often topped 10%.\n“We’re in more danger than we’ve been during my career of losing control of inflation in the U.S.,” the 66-year-old Summers, a paid contributor to Bloomberg, said. “We’ve gone even further towards losing it in Britain and I think we’re at some risk in Europe.”\nFed policy makers last year adopted a more inclusive approach toward their goal of achieving maximum employment, going well beyond the headline unemployment rate. They have pledged to keep their benchmark interest rate near zero even as inflation surges, committing to ensure greater progress in the job market.\nCentral bankers have also been increasingly discussing incorporating climate-change concerns into their work.\nSummers spoke hours after a Labor Department report showed U.S. consumer prices rose by 5.4% in September from a year earlier, matching the largest annual gain since 2008. Summers said the data made him “more worried” about the inflation outlook.\nFed policy makers have largely stuck to a narrative that the surge in inflation this year will pass as pandemic-induced supply-chain bottlenecks ease.\nSummers ticked off a number of reasons for what he called his “very considerable concern,” including ultra-lax monetary policy, surging house prices, a big federal budget deficit and excess household savings.\nHe blamed the Fed and other central banks for not preparing investors for the tough steps policy makers will probably have to take to rein in inflation.\n“If those actions come, they’re going to be very shocking and very painful in financial markets,” he said.","kind":"news","is_publish_news":false,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":825961903,"gmtCreate":1634191315753,"gmtModify":1634191315753,"author":{"id":"3574381076586256","authorId":"3574381076586256","name":"KYHBKO","avatar":"https://static.tigerbbs.com/c3bcbc7f9a10836dea92afc94bf39b5b","vip":2,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3574381076586256","idStr":"3574381076586256"},"htmlText":"a so called transitory inflation has overstayed.&nbsp; this may not be welcoming as the impact to society is not curbed promptly. with the supply chain issues of the western ports easing in 2022, I am afraid that the increasing price of crude oil will continue to drive the prices upwards.there is a limit to how much we can ignore but the general population has been feeling the pinch much more than wealthy. there will be a point of no turns&nbsp;when it is no longer in the hands of the Fed. the Fed needs to&nbsp;take control while it is still within their&nbsp;court.&nbsp;they will face a recession&nbsp;costing USA&nbsp;precious years to get back to her feet.&nbsp;let's monitor closely and take our positions wisely.","listText":"a so called transitory inflation has overstayed.&nbsp; this may not be welcoming as the impact to society is not curbed promptly. with the supply chain issues of the western ports easing in 2022, I am afraid that the increasing price of crude oil will continue to drive the prices upwards.there is a limit to how much we can ignore but the general population has been feeling the pinch much more than wealthy. there will be a point of no turns&nbsp;when it is no longer in the hands of the Fed. the Fed needs to&nbsp;take control while it is still within their&nbsp;court.&nbsp;they will face a recession&nbsp;costing USA&nbsp;precious years to get back to her feet.&nbsp;let's monitor closely and take our positions wisely.","text":"a so called transitory inflation has overstayed. this may not be welcoming as the impact to society is not curbed promptly. with the supply chain issues of the western ports easing in 2022, I am afraid that the increasing price of crude oil will continue to drive the prices upwards.there is a limit to how much we can ignore but the general population has been feeling the pinch much more than wealthy. there will be a point of no turns when it is no longer in the hands of the Fed. the Fed needs to take control while it is still within their court. they will face a recession costing USA precious years to get back to her feet. let's monitor closely and take our positions wisely.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/825961903","repostId":1147130429,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":6194066,"gmtCreate":1634191866779,"gmtModify":1634636117893,"authorId":3581628095158138,"author":{"id":3581628095158138,"idStr":"3581628095158138","authorId":3581628095158138,"name":"Berrylike","avatar":"https://static.tigerbbs.com/4878189d5bac62b3b7d010c5805981e4","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":825961903,"type":1,"supId":0,"prevId":0,"content":"👍","text":"👍","html":"👍"},{"id":6194110,"gmtCreate":1634192574121,"gmtModify":1634636114400,"authorId":3581714708617316,"author":{"id":3581714708617316,"idStr":"3581714708617316","authorId":3581714708617316,"name":"CCYMoney","avatar":"https://static.tigerbbs.com/5049d73c8031af1f31bdfad6bd82929f","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":825961903,"type":1,"supId":0,"prevId":0,"content":"Like","text":"Like","html":"Like"}],"langContent":"CN"},{"id":825960108,"gmtCreate":1634191104457,"gmtModify":1634191104457,"author":{"id":"3559441141744157","authorId":"3559441141744157","name":"gravitytogo","avatar":"https://static.tigerbbs.com/29c93ad65c0b698ecedd95d5f38f014d","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3559441141744157","idStr":"3559441141744157"},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/825960108","repostId":1147130429,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":38,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":false,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"laohu8","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1147130429"}