Key Words: Recession is now the ‘most likely’ outcome for the U.S. economy, not a soft landing, Larr

Mike Theiler/AFP via Getty ImagesFormer Treasury Secretary Larry Summers, whose out-of-consensus views about the risks of persistent inflation have come true, is reiterating his concerns about a potential U.S. downturn: He now says a recession is “the most likely thing” partly because the Federal Reserve “is going to have to keep going [in its effort to subdue inflation] until we see disinflation.”In an interview with Bloomberg Economics released on Thursday, Summers, a paid contributor to...