See Local News
Get Balanced News From Your U.S. State.
See Local News
See all locals

Larry Summers: US economy could hit an ‘air pocket’ in the coming months

Posted on AllSides March 6th, 2023
From The Left
CNN

The US economy may still be running fast and strong, but its risk of suddenly falling into a recession still looms large, despite the Federal Reserve’s efforts, former Treasury Secretary Larry Summers warned Monday.

Summers told CNN’s Poppy Harlow in an interview that he expects the Fed will have to raise its benchmark interest rate higher than expected and that central bank’s “push and push” to combat inflation will soon trigger a downturn.

“The process of bringing down inflation will bring on a recession at some stage, as it almost always...

Read full story
https://www.cnn.com/2023/03/06/economy/larry-summers-fed-wile-e-coyote/index.html

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right