Ex-Treasury chief puts 50%-55% odds of inflation over 2% There’s a 35% chance of the economy slumping, Summers says WATCH: Summers: Just a 15% Chance U.S. Economy Works Out Well Former Treasury Secretary Lawrence Summers said he sees no more than a 15% chance that “it’s all going to work out well” for the U.S. economy, with the probabilities much greater for either stubbornly high inflation or a slump in growth. Asked on Bloomberg Television’s “Wall Street Week” with David Westin for his estimates on the balance of risks for the U.S., Summers gave the following odds: 10% to 15% for the economy to work out well 50% to 55% for inflation to run for a while above 2% 30% to 35% for policy makers having to force the economy to “turn down more than we want” by tackling inflation That’s a more pessimistic analysis than Summers offered earlier […]