<p>America's factories were humming during World War II, churning out supplies for the military. After the war, as government spending faded and inflation spiked, macroeconomists were worried that the economy would stumble. Nearly eight decades later, a surge in prices during the U.S. economy's recovery from the pandemic has stoked similar fears.</p> <p> What can we learn from the post-WWII period? Are we headed for economic stagnation, or even 1970s-style stagflation? Larry Summers discusses the economic outlook and implications for central bank policy.</p>

America's factories were humming during World War II, churning out supplies for the military. After the war, as government spending faded and inflation spiked, macroeconomists were worried that the economy would stumble. Nearly eight decades later, a surge in prices during the U.S. economy's recovery from the pandemic has stoked similar fears. What can we learn from the post-WWII period? Are we headed for economic stagnation, or even 1970s-style stagflation? Larry Summers discusses the economic outlook and implications for central bank policy.

Larry Summers on Rate Hikes, Recession Fears and Stagflation

In today's ever-changing world, investors should challenge old assumptions and think outside the box. 

Markets trade on more than just economic data. They trade on geopolitics, technology, policy, and elections. In a world searching for a new equilibrium, old assumptions are expensive mistakes. Daleep Singh, Vice Chair and Chief Global Economist at PGIM, has spent his career at the intersection of markets and policy, from the U.S. Treasury and Federal Reserve to the White House. Now, Daleep is sharing his perspectives with you. 

On PGIM's The Outthinking Investor, Daleep sits down with prominent economists, technologists, policymakers, and market veterans to map out the full distribution of what comes next—and why it matters.

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In today's ever-changing world, investors should challenge old assumptions and think outside the box. Markets trade on more than just economic data. They trade on geopolitics, technology, policy, and elections. In a world searching for a new equilibrium, old assumptions are expensive mistakes. Daleep Singh, Vice Chair and Chief Global Economist at PGIM, has spent his career at the intersection of markets and policy, from the U.S. Treasury and Federal Reserve to the White House. Now, Daleep is sharing his perspectives with you. On PGIM's The Outthinking Investor, Daleep sits down with prominent economists, technologists, policymakers, and market veterans to map out the full distribution of what comes next—and why it matters.

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Larry Summers on Rate Hikes, Recession Fears and Stagflation

Larry Summers on Rate Hikes, Recession Fears and Stagflation

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