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1 check for “Larry Summers”

Checked by PolitiFact23 Jun 2022United States Economy and jobs

Larry Summers, Harvard economist

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

PolitiFact rated this: Mostly False

PolitiFact says: The data Summers based this on did find the likelihood of a recession at 100% under these conditions. However, these conditions almost never occur. They’ve been seen in just a handful of quarters since 1955.