By: Tom Braithwaite in Washington
Source: Financial Times
Lawrence Summers, chief economic adviser to the White House, said the “sense of freefall” in the US economy would end in the next few months but cautioned that the risks of deflation and more job losses had not gone away.
”I think the sense of a ball falling off the table – which is what the economy has felt like since the middle of last fall – I think we can be reasonably confident that that’s going to end within the next few months and you will no longer have that sense of free-fall,” he told the Economic Club of Washington on Thursday.
