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- Former Treasury Secretary Larry Summers said it's hard to judge whether falling inflation will stay down.
- He compared inflation to a half-way healed "infection" that could return, in a harder fight for the Fed if not properly treated.
- "The hard thing to judge is whether inflation is on a strong enough downward trajectory to get to the 2% target," Summers said.
Former Treasury Secretary Larry Summers compared falling levels of inflation in the US economy to a half-way healed "infection" that could worsen if not treated properly.