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The Trump inflation shock could be worse than the last inflation crisis, Larry Summers warns | CNN Business

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Larry Summers is alarmed by the potential impact of President-elect Donald Trump’s proposals to slash taxes, spike tariffs, deport undocumented workers and influence the Federal Reserve .

Summers: “If he carries through on what he said during his campaign, there will be an inflation shock significantly greater than the one the country suffered in 2021 ,” Summers said.