Quotes from the news wire:
I don’t think this is a time for panic or alarm, this is not 2008, where people needed to be worried about where they could get their money…It absolutely is not that.
– Former Treasury Secretary Larry Summers
Found on CNN 1 year ago
I don’t think there’s any question that we do not yet have inflation on a secure glide path anywhere near down to the 2% [Fed target] level, and until the Fed can be confident of that, it’s going to have to be tightening rather than easing.
– Former Treasury Secretary Larry Summers
Found on CNN 1 year ago
The process of bringing down inflation will bring on a recession at some stage, as it almost always has in the past.
– Former Treasury Secretary Larry Summers
Found on CNN 1 year ago
The economy could hit an air pocket in a few months.
– Former Treasury Secretary Larry Summers
Found on CNN 1 year ago
Hope for the best but plan for the worst, I think is the right advice.
– Former Treasury Secretary Larry Summers
Found on CNN 1 year ago
My guess is that inflation will be lower next year than it was this year and quite likely will be lower in 2024 than in 2023. But I think is not going to be easy to bring inflation back to the kind of levels we have been accustomed to in recent decades, we have let the genie out of the bottle.
– Former Treasury Secretary Larry Summers
Found on CNN 2 years ago
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