Former US Treasury Secretary: The first 100 days of the Trump administration were "disastrous 100 days" for the US economy
2025-05-01 07:28:17
Former US Treasury Secretary Lawrence Summers criticized on social platform X that the first 100 days of the Trump administration were a "disastrous 100 days" for the US economy. Summers said that the US stock market fell, the dollar fell, unemployment was expected to rise, inflation was expected to rise, and the probability of a recession was expected to increase. We are seeing a collapse in consumer confidence and companies pulling back all previous earnings forecasts.
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