Former Treasury Secretary
“There is no material prospect that, in any enduring way, gouging legislation can have any substantial effect on inflationary pressure,” Summers told Bloomberg Television’s “Wall Street Week” with David Westin. “But it can cause and contrive all kinds of shortages” and undermine companies’ moves to boost supply in reaction to higher prices, he said.
Congress will vote next week on legislation barring “excessive” or “exploitative” fuel prices. House Speaker
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