TMTPOST -- Four years ago, former U.S. Treasury Secretary Larry Summers warned that excessive fiscal and monetary stimulus could trigger the biggest inflation surge in a generation. Now, he is cautioning that price pressures may flare up again. "This could be the most sensitive moment for inflation escalation since the 2021 policy missteps that led to severe inflation," Summers said. He pointed to signs of a tight labor market, including last week's January employment report, which showed significant wage growth, potentially fueling a renewed rise in consumer prices. Adding to inflationary risks, President Donald Trump has raised tariffs on Chinese imports and threatened to impose additional tariffs on a range of other goods. "This is a time when we must be very careful about inflation, even before you see the policies coming out of the White House," Summers warned. He urged the Federal Reserve to remain vigilant about price pressures and suggested that the current rate-cut cycle may already be over. Would you like any refinements or additional details?