Former Treasury Sec, Harvard Professor: ‘Certainly A Risk Of Recession In The Next Year’

Former Treasury Secretary and Harvard professor Larry Summers said there is “certainly a risk” of a recession in the next year.

Appearing as a guest on CNN’s “State of the Union” Sunday, Summers, who served as Treasury Secretary under former President Bill Clinton and Director of the National Economic Council under Barack Obama, said that because inflation continues to surge and consumer sentiment continues to crater, there is a high likelihood of a recession within the next two years.