Home » Economy » Larry Summers says he’s ‘still cautious’ but has a ‘little bit more hope’ about economy
Larry Summers says he’s ‘still cautious’ but has a ‘little bit more hope’ about economy
Soft landing ‘most likely scenario’ for economy: Cohen
Columbia Business School professor Abby Joseph Cohen reacts to the release of the December CPI, provides her economic outlook for 2023, and discusses the impact on investors and the chip industry amid growing tensions with China.
Former Treasury Secretary Larry Summers said in a recent interview that the "situation does look a bit better" for the U.S. economy.
Summers told Bloomberg in a video posted Wednesday that he’s "still cautious" but added that he has a "little bit more hope" than he previously had. The comment came in response to a question about his current view on inflation and the U.S. economy’s risk of entering a recession.
Soft landings, he said, are the "triumph of hope over experience." However, he noted that "sometimes hope does triumph over experience."