The prediction comes in contrast to estimates from the Federal Reserve The US economy is about to tumble into a recession, economic experts have forecast, dismissing more upbeat predictions from the Federal Reserve. Former Treasury Secretary Larry Summers warned on Sunday that the Fed’s inflation-related forecasts have been “much too optimistic” and insisted that it confront the recession staring it in the face. “When inflation is as high as it is right now and unemployment is as low as it is right now, it’s almost always been followed, within two years, by recession,” Summers declared during a Sunday appearance o
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