Larry Summers, ex-Treasury secretary, intensifies criticism of Biden's economic policies

Former Treasury Secretary Summers has ramped up his criticism of Biden's economic approach, dubbed "Bidenomics," warning it risks worsening inflation.
Summers argues Biden's focus on boosting manufacturing and economic nationalism won't benefit middle class incomes or living standards.
He claims Biden is not doing enough to directly lower costs for average Americans, citing concerns with trade policy and antitrust guidelines.
The White House defends Bidenomics, pointing to infrastructure investment, clean energy, and chip production as strengthening the economy.
Despite criticism, some argue Bidenomics has shown success with faster economic growth and cooling inflation over the past year.