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Larry Summers says there is a real possibility of a recession, which he calls the result of a ‘self-inflicted wound’

President Donald Trump and Treasury Secretary Scott Bessent have suggested an economic downturn on the back of tariffs would be a transition period. Larry Summers, a former Treasury secretary, thinks otherwise.

The Hill on MSN · 1d

Larry Summers: Odds of a recession ‘close to 50/50’

Former Treasury Secretary Larry Summers said Monday that the odds of a recession are “close to 50/50.” “I told [Kasie Hunt] @CNN today, I think there is a real possibility of a recession,” Summers said in a thread on the social platform X.

Bloomberg on MSN · 1d

Summers Sees Near 50-50 Chance of a Recession This Year

Former Treasury Secretary Lawrence Summers said there’s almost a 50-50 likelihood of the US tipping into a recession this year due to a range of policy steps from the Trump administration that are undermining confidence.

CNN on MSN · 2d

Larry Summers: ‘Real possibility’ of recession

Former US Treasury Secretary Larry Summers weighs in on the possibility of a recession as concerns about President Donald Trump’s economic policy led to a widespread market selloff on Monday.

Seeking Alpha · 1d

Fmr. Treasury Secretary Summers says there is a 50% chance of recession

Lawrence Summers warns of a near 50% U.S. recession risk in 2023, citing policy uncertainty, tariffs, and protectionism.

5hon MSN

Larry Fink: ‘The economy is weakening as we speak’

Larry Fink, chief executive of BlackRock, the world’s largest asset manager, said Wednesday that the Trump administration’s barrage of policy changes is paralyzing American consumers and businesses — ...

Boing Boing on MSN1h

BlackRock CEO Larry Fink sounds alarm: "The economy is weakening as we speak"

BlackRock CEO Larry Fink sounded the alarm on Donald Trump's zealous tariff push, telling CNN today, in part, "The economy is ...

2don MSN

Famed economist Larry Summers issues dire inflation warning to Americans after Trump's White House win — 3 ways to help protect yourself in 2025

Headline inflation has eased in the U.S., but according to economist and former Treasury Secretary Larry Summers, soaring ...

1don MSN

‘Big one to eliminate’: Elon Musk spotlights cost of federal entitlements amid fear of cuts to programs

Elon Musk on Monday highlighted the cost of federal spending on entitlement programs, the latest sign of the tech billionaire ...

Townhall1d

The Media Is Very Upset With Trump's Latest Deportation

On this full episode of LARRY with Larry O'Connor, we discuss CNN getting totally BRUTALIZED by Scott Jennings, the latest BEEF over the CR fight in congress, the death throes of Kamala Harris' lame ...

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