Summers: We Need to Worry More about 'Fiscal Restraint' in Inflation Fight, Deficits 'Are Going to Start to Rise Rapidly'

On Thursday's broadcast of MSNBC's "Andrea Mitchell Reports," Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers said that as the Federal Reserve tries to fight inflation, policymakers should be "worried a bit more about fiscal restraint because I think we're on a path where budget deficits are going to start to rise rapidly again and that can be problematic in terms of inflation."