Excerpt
Excerpt
October 6, 2022, Video: "Former US Treasury Secretary Larry Summers said Thursday it’s “more likely than not” the US will enter a recession, calling it a consequence of the “excesses the economy has been through.” “Historical experience suggests that the kind of inflation we have rarely returns to normal levels – target levels of around 2% – without some kind of recession,” Summers told CNN’s Wolf Blitzer on “The Situation Room.”"