Ahead of the 2024 presidential election, former Treasury Secretary Lawrence Summers has raised concerns about the economic policies proposed by Donald Trump, warning they could destabilize long-term inflation expectations. What Happened: Summers, a notable economist and former Treasury Secretary under 44th U.S. President Barack Obama, criticized Trumponomics in a post on X on Monday. According to Summers, the economic policies proposed by Trump could destabilize long-term inflation expectations. Summers expressed concerns that political interference with the central bank might lead to higher w…
