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[Music] Bloomberg audio Studios podcasts radio news were joined right now by Larry Summersville Harvard a very special contributor here on Wall Street week so Larry great to have you with us on short notice uh weve been talking about inflation on Wall Street week for some time now I know youre not hoping for more inflation but youve been warning about it what do you make of the numbers we saw today I was not hugely surprised uh by the numbers in an economy thats growing faster than potential with an unemployment rate that has a three handle in the presence of massive and growing budget deficits and epically easy financial conditions the idea that inflation would remain robust or even accelerate should not be a surprise to anyone and thats what this data suggests it was not me or some outside Observer who emphasized the concept of super core inflation that is taking out um the transitory stuff and also taking out housing and by that measure inflation is running in above a 6% rate
