US inflation will not be contained unless unemployment stays above 5% for about five years (to mid-2027), or a comparable amount of slack occurs (e.g. two years at 7.5% or one year at 10%).
Pending ●●●●●
“We need five years of unemployment above 5% to contain inflation”
- Said on
- 20 June 2022 · Speech in London, reported by Bloomberg and Fortune
- Source
- Larry Summers calls for high unemployment to curb inflation · Fortune
- Should come true
- 2027
- How sure they sounded
- we need (stated as necessity)
- Categories
- Economy
- Importance
- 3 of 5 · Whether disinflation needed mass unemployment was central to US monetary policy debate.
Outcome
Not scored yet.
History
- 2026-10-16 23:01:27 · created by claude
- 2026-10-16 23:53:09 · categorized by claude
- 2026-10-16 23:53:51 · categorized by claude