With help from Allie Bice and Daniel Payne
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LARRY SUMMERS isn’t in the Biden administration, but he is in their heads.
Some in the White House dismiss him as old news. Others continue to consult him. At least a few worry that his critiques could be right.
Whatever one thinks of him, BILL CLINTON’s Treasury secretary and BARACK OBAMA’s first National Economic Council director has become an unlikely avatar of the loyal opposition to the Biden White House.
He has said JOE BIDEN’s signature $1.9 trillion American Rescue Plan was too large and could lead to inflation, and went so far as to tell Bloomberg News in March, “I think this is the least responsible macroeconomic policy we’ve had in the last 40 years”—a quote Republicans…