Trump's Tariffs Leading US To The 'Foothills of Stagflation,' Warns Larry Summers: 'Confidence Has More Room To Decline'

Benzinga_recent_news

Sep 19

Former Treasury Secretary Lawrence Summers cautioned that the United States may be heading into a period of stagflation led by President Donald Trump’s trade and tariff policies, citing the lingering ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2568237243"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2568237243\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2568237243?lang=en_US&edition=fundamental","thumbnail":"https://cdn.benzinga.com/files/images/story/2025/09/19/Donald-Trump.jpeg?optimize=medium&dpr=2&auto=webp&width=120","is_english":true,"pubTime":"2025-09-19 13:42","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2568237243","market":"us","top_or_hot":-1,"title":"Trump's Tariffs Leading US To The 'Foothills of Stagflation,' Warns Larry Summers: 'Confidence Has More Room To Decline'","media":"Benzinga_recent_news","content":"<div>\n<p>Former Treasury Secretary Lawrence Summers cautioned that the United States may be heading into a period of stagflation led by President Donald Trump’s trade and tariff policies, citing the lingering ...</p>\n\n<a href=\"https://www.benzinga.com/markets/macro-economic-events/25/09/47755427/trumps-tariffs-leading-us-to-the-foothills-of-stagflation-warns-larry-summers-confidence-has-more-room-to-decline\">Source Link</a>\n\n</div>\n","source":"benzinga_recent_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Trump's Tariffs Leading US To The 'Foothills of Stagflation,' Warns Larry Summers: 'Confidence Has More Room To Decline'</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTrump's Tariffs Leading US To The 'Foothills of Stagflation,' Warns Larry Summers: 'Confidence Has More Room To Decline'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2025-09-19 13:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/macro-economic-events/25/09/47755427/trumps-tariffs-leading-us-to-the-foothills-of-stagflation-warns-larry-summers-confidence-has-more-room-to-decline><strong>Benzinga_recent_news</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Former Treasury Secretary Lawrence Summers cautioned that the United States may be heading into a period of stagflation led by President Donald Trump’s trade and tariff policies, citing the lingering ...</p>\n\n<a href=\"https://www.benzinga.com/markets/macro-economic-events/25/09/47755427/trumps-tariffs-leading-us-to-the-foothills-of-stagflation-warns-larry-summers-confidence-has-more-room-to-decline\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4503","symbol_name":"景林资产持仓","start_time":0,"source_url":"https://www.benzinga.com/markets/macro-economic-events/25/09/47755427/trumps-tariffs-leading-us-to-the-foothills-of-stagflation-warns-larry-summers-confidence-has-more-room-to-decline","article_id":"2568237243","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2025/09/19/Donald-Trump.jpeg?optimize=medium&dpr=2&auto=webp&width=120"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/markets/macro-economic-events/25/09/47755427/trumps-tariffs-leading-us-to-the-foothills-of-stagflation-warns-larry-summers-confidence-has-more-room-to-decline","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2568237243","pubTimestamp":1758260520,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Former Treasury Secretary Lawrence Summers cautioned that the United States may be heading into a period of stagflation led by President Donald Trump's trade and tariff policies, citing the lingering effects of tariffs and rising risks for both unemployment and inflation.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4503":"景林资产持仓","BK4506":"内地教育股","BK4204":"教育服务","BK4531":"中概回港概念","GOTU":"高途","BK4510":"在线教育","BK4552":"Archegos爆仓风波概念"},"translate_title":"拉里·萨默斯警告说，特朗普的关税将美国引向“滞胀的山麓”：“信心还有更大的下降空间”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GOTU":1.5},"content_text":"Former Treasury Secretary Lawrence Summers cautioned that the United States may be heading into a period of stagflation led by President Donald Trump’s trade and tariff policies, citing the lingering effects of tariffs and rising risks for both unemployment and inflation.\nOn Thursday, in a post on X, Summers highlighted a snippet from his recent online conversation at The New York Times, discussing Wednesday’s Federal Reserve meeting, and the broader state of the economy. \nSummers said in his post, “I think we may be at the foothills of stagflation,” adding that the economic impacts of the tariffs are yet to be “fully felt.” Summers also pointed to broader sentiment risks, suggesting that consumer and business confidence could deteriorate further. “Confidence has more room to decline than to rise,” he said.\nSee Also: Fed Rate Cut: What It Means For Your Mortgage, Crypto Investments, Savings Account, Auto Loan And Student Loan\n“I think inflation will surprise a bit on the high side,” he said, hinting that price pressures might outpace current expectations. \nThe economist, who previously served as Treasury Secretary under President Bill Clinton and as a top economic adviser to President Barack Obama, suspects that “we are seeing unemployment and inflation forecasts both being revised up.”\nSummers' warning has been echoed by other economists, including University of Michigan professor Justin Wolfers, who pointed to the Fed Chair's remarks on weak job growth, higher unemployment and stubborn inflation, concluding that “stagflation is in the room.”\nWolfers had made similar claims early this month, referring to the outcome of Trump’s tariffs as “two bad tastes at the same time,” that is, rising unemployment, amid elevated inflation levels. \nPhoto Courtesy: IAB Studio from Shutterstock\nRead More:","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"economic","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}