{"id":1441693,"date":"2022-04-16T13:59:57","date_gmt":"2022-04-16T17:59:57","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1441693"},"modified":"2022-04-16T14:00:04","modified_gmt":"2022-04-16T18:00:04","slug":"summers-stagflation-is-the-most-likely-outcome-over-the-next-two-years","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/summers-stagflation-is-the-most-likely-outcome-over-the-next-two-years\/","title":{"rendered":"Summers: Stagflation Is &#039; The Most Likely&#039; Outcome over the Next Two Years"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fsummers-stagflation-is-the-most-likely-outcome-over-the-next-two-years%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1441693&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div><img decoding=\"async\" src=\"https:\/\/media.breitbart.com\/media\/2017\/01\/Summers.jpg\" class=\"ff-og-image-inserted\" alt=\"image\" \/><\/div>\n<p>During an interview aired on Friday\u2019s edition of Bloomberg\u2019s \u201cWall Street Week,\u201d economist, Harvard Professor, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President Bill Clinton Larry Summers said that stagflation is \u201cthe preponderant probability as to where we\u2019re going to get\u201d over the next couple of years.<\/p>\n<p>Summers said, \u201cI think it\u2019s the most likely place we\u2019re going to be. If stagflation means rising unemployment and still high inflation, I think that\u2019s the preponderant probability as to where we\u2019re going to get over the last couple of years \u2014 over the next couple of years. As I\u2019ve said before\u2026the painful fact that needs to inform our view is that we\u2019ve never had a moment when unemployment was below 4%, inflation was above 4%, and we avoided recession for the next two \u2014 subsequent two years. And right now, unemployment\u2019s well below 4% and inflation is well above 4%. Lots of people say, look, the job market is so strong, why would anyone think we\u2019re going to have a recession? What the data show is that the lower unemployment is, the more likely it is that it\u2019s going to turn down in subsequent months.\u201d<\/p>\n<figure id=\"M-ROS-B1\" class=\"a8d\"><\/figure>\n<figure id=\"gmxrevmore\" class=\"H\"><\/figure>\n<p><em>Follow Ian\u00a0Hanchett on Twitter\u00a0<a class=\"x5l\" href=\"https:\/\/twitter.com\/IanHanchett\" target=\"_blank\" rel=\"noopener external\">@IanHanchett<\/a><\/em><\/p>\n<figure id=\"D-ROS-B1\" class=\"a8d\"><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>During an interview aired on Friday\u2019s edition of Bloomberg\u2019s \u201cWall Street Week,\u201d economist, Harvard Professor, Director of the National Economic Council under President Barack Obama, and Treasury Secretary under President<\/p>\n","protected":false},"author":33,"featured_media":2315279,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1441693","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1441693","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1441693"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1441693\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1441693"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1441693"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1441693"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}