Summers Warns of 1970s Crisis If Central Banks Relent on Rates
Going soft on inflation will plunge economies back into the recessionary depths of the 1970s and have “adverse effect on working people everywhere,” former US Treasury Secretary Larry Summers warned.
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### Instruction: Summers Warns of 1970s Crisis If Central Banks Relent on Rates

### Response: Going soft on inflation will plunge economies back into the recessionary depths of the 1970s and have “adverse effect on working people everywhere,” former US Treasury Secretary Larry Summers warned.