Jun 23, 2022
I just read an article about Larry Summers yesterday, where he proposed unemployment will have to increase quite a bit to being down inflation. I hope he’s wrong, but I wouldn’t bet against him: Larry Summers Says US Needs 5% Jobless Rate for Five Years to Ease Inflation https://www.bloomberg.com/news/articles/2022-06-20/summers-says-us-needs-5-jobless-rate-for-five-years-to-ease-cpi