Larry Summers Says U.K. Debt Market Stress Could Be the ‘Tremor’ Signaling Global Economic ‘Earthquake’- barrons

Former Treasury Secretary Larry Summers was one of the first prominent economists to warn that federal policymakers were underestimating the threat of persistent inflation, and today he is worried about a global economic crisis that could result from central banks’ efforts to fight rising prices. “We’ve got the most complex, disparate and cross-cutting set of challenges that I think I can remember in the 40 years I’ve been following this stuff,” Summers told an audience at the Institute of International Finance annual meeting Friday. “And in all honesty, I think the fire department is still in the station.”