Feb 3rd, 2023

Summers Sees Risk of 'Wile E. Coyote' Moment for US Economy

Former Treasury Secretary Lawrence Summers says the US could face a sudden downturn despite the positive economic signs seen in the January employment report. "I still do think there is the risk of a kind of Wile E. Coyote moment," Summers says on Bloomberg Television’s “Wall Street Week” with David Westin.