Daily Headlines Live
  • Home
  • Latest News
  • Trending
  • Politics
  • Economy
  • Login
  Breaking
A powerful earthquake causes death tolls beyond 2,800 February 6, 2023
‘WTF Is He Motivating Them To Do? Triple Mask?’: ‘Motivational’ Fauci Ripped For Charging 50-100K Per Speech February 6, 2023
WATCH: Eastern Illinois Basketball player faces ‘Internal Discipline for Slapping Fan February 6, 2023
The Chinese spy balloon that flew 200 feet high was equipped with a payload of over 2000 lbs.Source: NORAD February 6, 2023
Poll: Top issue in the country rated by government/poor leadership February 6, 2023
Next
Prev
No Result
View All Result
Live Now
  • Latest News
  • Politics
  • Economy
  • Entertainment
  • Health
  • Lifestyle
  • Sports
  • Technology
  • Media
No Result
View All Result
Daily Headlines Live
  • Latest News
  • Politics
  • Economy
  • Entertainment
  • Health
  • Lifestyle
  • Sports
  • Technology
  • Media
Home Economy

Summers: Without a ‘Significant Unemployment Increase’ of at least 2 percentage points or more, Inflation won’t get to normal.

June 23, 2022
in Economy
0 0
A A
0

During an interview aired on Friday’s broadcast of Bloomberg’s “Wall Street Week,” Harvard Professor, economist, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers said that he believes there won’t be a reduction of inflation to normal levels “without a significant increase in unemployment of perhaps 2 percentage points or more at some point down the road.”

Summers declared, “I still think that the Fed and most market participants are underestimating the gravity of our situation. The Fed moved its forecast by an epic amount, both up on inflation and down on the economy. But their current view that they’re going to get to 2.5% inflation or below with unemployment just above 4 strikes me as an optimistic tail outcome, not a central tendency in a forecast. I think a better judgment is that there’s no reduction to normality without a significant increase in unemployment of perhaps 2 percentage points or more at some point down the road. And that’s why I think there’s a significant chance that we’re going to find ourselves in a stagflationary situation where inflation comes down, but not all the way to desired levels and the economy is much weaker than anything that’s contemplated in the Fed’s forecast.”

Follow Ian Hanchett on Twitter @IanHanchett



Check out the complete article here

ShareTweetSharePinShareSendShare

Related Articles

Economy

India Makes Huge Profits from Refining Russian Oil for Sale to America

by Press Room
February 6, 2023
0

India has found a way to profit greatly from Russia’s sanctions situation, purchasing cheap Russian crude and using its tremendous...

Read more
Economy

AMC plans to increase the price of middle seats in theaters

by Press Room
February 6, 2023
0

Many middle seats in American movie theaters have become more costly. AMC Theaters, the nation’s largest movie theater chain, on...

Read more
Economy

Poll: 41% Say Personal Finances Deteriorating Under Joe Biden

by Press Room
February 6, 2023
0

Forty-one percent of American families say their financial position has worsened since President Joe Biden assumed office — the worst...

Read more
Economy

Elon Musk wants brands to pay the freight on Twitter by charging a $1,000 monthly fee

by Press Room
February 6, 2023
0

Tesla CEO Elon Tesla and Twitter's new owner recently stated plans to charge $1,000 per month for verified checkmarks to...

Read more
Economy

These tweets are favored by Elon Musk, according to the jury

by Press Room
February 6, 2023
0

A jury on Friday decided Elon Musk didn’t defraud investors with his 2018 tweets about electric automaker Tesla in a...

Read more
Economy

Tom Brady already has a job?!

by Press Room
February 6, 2023
0

The seven-time Super Bowl-winning quarterback’s retirement announcement ended speculation about whether and where Brady might want to play next season,...

Read more
Load More

Latest News

A man who identifies as a woman is elected to lead the Democrat Women’s Group of Rhode Island

February 6, 2023

Biden Doc Scandal Briefing to Lawmakers without Classified Access

February 6, 2023

Nolte: Gay Thriller underperforms; Christian and Older Movies Outperform at Box Office

February 6, 2023

Blame Trump: The Deep State’s Latest Defense Of Biden’s Chinese Spy Balloon Ineptitude

February 6, 2023

Chris Christie claims to be Trump’s ‘Target,’ after bashing him

February 6, 2023

Popular Stories

  • Trump Makes Announcement On Future Plans After Assassination Of Abe

    0 shares
    Share 0 Tweet 0
  • Supreme Court Supports Second Amendment With Another Major Move

    0 shares
    Share 0 Tweet 0
  • ‘As The Breakfast Tacos’Jill Biden is Slammed ‘Racist’Latin Conference: Comment

    0 shares
    Share 0 Tweet 0
  • ‘Impeachable’ Republican Members of Congress Examine Offense Biden for China Petroleum Deal

    1 shares
    Share 0 Tweet 0
  • French Firearms Surrender in Record Numbers during Government Crackdown

    0 shares
    Share 0 Tweet 0
Daily Headlines Live

Daily Headlines Live is one of the biggest news portals in the US and the world, we provide real-time news from all trusted sources, follow us for more real news.

LEARN MORE »

Recent Posts

  • A powerful earthquake causes death tolls beyond 2,800
  • ‘WTF Is He Motivating Them To Do? Triple Mask?’: ‘Motivational’ Fauci Ripped For Charging 50-100K Per Speech
  • WATCH: Eastern Illinois Basketball player faces ‘Internal Discipline for Slapping Fan
  • The Chinese spy balloon that flew 200 feet high was equipped with a payload of over 2000 lbs.Source: NORAD

Sections

  • Economy
  • Entertainment
  • Health
  • Lifestyle
  • News
  • Politics
  • Sports
  • Tech
  • Videos

Newsletter

The most important world news and events of the day

Be the first to know latest important news & events directly to your inbox.

By signing up, I agree to our TOS and Privacy Policy.

  • About
  • Privacy Policy
  • Terms of use
  • Contact
  • Press Release
  • Advertise

© 2022 Daily headlines Live - Created by Sawah Dev.

No Result
View All Result
  • Latest News
  • Politics
  • Economy
  • Entertainment
  • Health
  • Lifestyle
  • Sports
  • Technology
  • Media

© 2022 Daily headlines Live - Created by Sawah Dev.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
Go to mobile version