Politics Fact Checker Biden administration The 202s Polling Redistricting tracker Debt ceiling Politics Biden to propose 4.6 percent pay raise for federal employees, the biggest hike in 20 years

How does this square with denying the existence of price-wage spirals or believing inflation will come down to normal at the end of the year?
https://t.co/WR9JPWrxZc

— Lawrence H. Summers (@LHSummers) February 12, 2022