Ex-Treasury Secretary: "The Fed Can't Avoid a Recession"

2 years ago
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Lawrence Summers, a former US Treasury Secretary published a paper detailing reasons why a recession is inevitable given current conditions and current monetary policy. This comes in stark contrast to what the Federal Reserve itself says about the future of the US Economy. While the paper approaches everything from the wrong angle, it is likely correct about a coming recession.

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#recession #inflation #unemployment

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