PBS NewsHour

Key miscalculations that impacted inflation

Americans are increasingly feeling the sting of inflation. Up more than six percent compared to a year ago, inflation is taking a bite out of their paychecks — particularly for middle and lower-income Americans. Larry Summers was treasury secretary for President Clinton and director of the National Economic Council for President Obama. He joins Judy Woodruff with more on rising costs.

Key miscalculations that impacted inflation

7m 49s

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