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Rubin sees ‘material risk’ high U.S. inflation will be enduring

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Bloomberg/Saleha Mohsin/6-28-2021

cartoon image of someone digging a hole“Rubin, who served in the Clinton administration, also said ex-Obama administration adviser Larry Summers has done “a great public service” by ringing alarm bells that the recent spike in prices may fail to dissipate amid trillions of dollars in pandemic-relief spending.”

USAGOLD note: The highly respected former Treasury Secretary, Robert Rubin, joins the list of notables warning that inflation might go beyond being transitory.

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