Trump's Tariffs Leading US To The 'Foothills of Stagflation,' Warns Larry Summers: 'Confidence Has More Room To Decline'

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Former Treasury Secretary Lawrence Summers cautioned that the United States may be heading into a period of stagflation led by President Donald Trump’s trade and tariff policies, citing the lingering effects of tariffs and rising risks for both unemployment and inflation. We’re Likely On The ‘Foothills of Stagflation’ On Thursday, in a post on X, Summers highlighted a snippet from his recent online conver ...