Top Obama advisers turn on Biden after repeatedly warning of rising inflation
Fox News
Economists Steven Rattner and Larry Summers, who both served under President Obama, are voicing frustrations that President Biden hasn’t heeded their concerns about inflation.
"How could an administration loaded with savvy political and economic hands have gotten this critical issue so wrong?" Rattner wrote in The New York Times. "They can’t say they weren’t warned – notably by Larry Summers, a former Treasury secretary and my former boss in the Obama administration, and less notably by many others, including me. We worried that shoveling an unprecedented amount of spending into an economy already on the road to recovery would mean too much money chasing too few goods."
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