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Fortune
Fortune
Shawn Tully

Top economist Larry Summers is highly concerned U.S. Treasuries were trading 'like those of an emerging market nation'

Larry Summers Donald Trump Elon Musk IRS United States Scott Bessent Fortune Recession
Former Treasury Secretary Larry Summers (Credit: Paul Morris/Bloomberg—Getty Images)

Larry Summers was not assuaged by Trump's tariff pause.

The former Treasury secretary under Bill Clinton has a history of making prescient calls on the economy, and his views have always carried great weight with policymakers. Over two wide-ranging interviews with Fortune, he spoke candidly about President Trump's recent moves and what he sees happening in the economy. Put simply, the issues he raises should alarm anyone who owns stocks or bonds, frets over spiking grocery prices, or is shopping for a home loan.

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