Economist Larry Summers Said, "When You Have Unemployment Below 4% and Inflation Above ... - Latest Tweet by PolitiFact

Economist Larry Summers said, “When you have unemployment below 4% and inflation above 4%, recession always follows within two years.”

What he doesn’t say: These conditions have almost never occurred together, casting doubt on how useful this formula is. https://t.co/sOtMflzuyr— PolitiFact (@PolitiFact) June 23, 2022

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