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Larry Summers
Lawrence Summers.

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  • An economic downturn is necessary to bring inflation to the Fed's 2% goal, Larry Summers said.
  • The former US Treasury Secretary said the Fed was "behind the curve" on fighting inflation. 
  • Summers remains hopeful about the US economy relative to others despite murky macro conditions. 

Former US Treasury Secretary Larry Summers doesn't see inflation coming down to the Fed's target soon without a substantial economic downturn. 

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Markets, MI Exclusive, markets outlook, Market Outlook, Larry Summers, Treasury Secretary, Inflation, Federal Reserve, Recession
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Inflation isn't coming down much further without a substantial economic downtur…