HKS Affiliated Authors

Frank and Denie Weil Director of the Mossavar-Rahmani Center for Business and Government
Charles W. Eliot University Professor

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.”"