Ex-Treasury Secretary: Millions of Americans Need to Lose Their Jobs to Contain Inflation

Reported by: The Epoch Times Former Treasury Secretary Larry Summers said that millions of Americans would have to lose their jobs in order to contain decades-high inflation. “We need five years of unemployment above 5 percent to contain inflation—in other words, we need two years of 7.5 percent unemployment or five years of 6 percent unemployment or one … Continue reading Ex-Treasury Secretary: Millions of Americans Need to Lose Their Jobs to Contain Inflation