Larry Summers warns of an economic ‘collision’ ahead as the Fed’s efforts to dim inflation aren’t working as well as hoped

MarketsInsider/Zahra Tayeb/1-17-2023

“The Fed’s been trying to put the brakes on, and it doesn’t look like the brakes are getting much traction.” – Larry Summers, former Treasury Secretary

USAGOLD note: The markets are not even close to factoring in an inflation rate that resists Fed controls.