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Summers warns U.S. likely headed to recession, 2 million jobless

Former Treasury Secretary Lawrence Summers warned that the U.S. is now likely headed toward a recession.

Christopher Anstey

Former Harvard University President Lawrence Summers blasted moves by the Trump administration to scrutinize or freeze federal funding to top...

The tariffs would also slow GDP growth by 1.4 percentage points and boost inflation by 0.9 percentage point, Morgan Stanley economists wrote in a...

Trump’s likely tariff hikes on China, the EU and Mexico would lead to an inflationary bump, with a peak impact of 30 to 40 basis points on the...

“We all make lots of mistakes — and the important thing is, when you make a mistake, to recognize it and fix it,” Summers said.

Summers spoke a day after Republican presidential nominee Donald Trump said he felt strongly that the president should have some “say” in Federal...