Scott Patterson writes in the Wall Street Journal that we won’t get inflation until unemployment is down below 5%:A rule of thumb is that inflation doesn’t become sticky until the unemployment rate dips below 5%…”I see very little prospect of acceler…
Posts Tagged ‘Larry Summers’
Summers On Recession: “I Don’t Think The Worst Is Over”
July 11th, 2009 |
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For this week’s installment of their “Lunch with the FT” feature the Financial Times sat down with Larry Summers, director of Obama’s National Economic Council, for a wide-ranging talk. When the conversation turned to the current recession in …