Summers: Odds Are We'll Have Inflation 'We Haven't Seen in 30 Years' on Current Path

On Friday's broadcast of CNN's "OutFront," economist Larry Summers predicted that unless the Federal Reserve significantly changes monetary policy or something changes current economic growth, "odds are that we're going to have inflation of a kind we haven't seen in 30 years" and that it's "quite unlikely" inflation will go back to a normal level "without some significant change in the path we're now on."