Why the Fed Should Listen to Summers’ Inflation Warning Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast . Global inflationary pressures show few signs of moderating and more central banks are scrambling to temper them. In the U.S., consumer prices rose last month at the fastest annual pace in three decades, while Germany’s council of economic advisers indicated risks of persistent inflation are growing as supply chain woes drag on and energy costs rise. Producer prices in China increased by the most in 26 years. Here are some of the charts that appeared on Bloomberg this week on the latest developments in the global economy: U.S. Consumer prices rose last month at the fastest annual pace since 1990 , cementing high inflation as a hallmark of the pandemic recovery and eroding spending power even as wages surge. The pickup suggests higher […]