Larry Summers says a soft-landing scenario is not a guaranteed outcome as inflation still remains out of bounds. The Federal Reserve may have hinted at a potential soft-landing, but economist and former Treasury Secretary Larry Summers is not in full agreement with the central bank. “I think it’s premature to judge that we have landed softly,” said Summers in an interview for the Financial Times’ “Unhedged” newsletter. The economist noted that some of the underlying inflation measures were still running well above 2%. Even if inflation was currently at 2%, it isn’t yet certain that it won’t go back up, Summers said. Among the problems he underlined were “declining flows of credit, inverted yield curves, aspects of consumer behavior, rising evidence of credit strains.” As a result, these raise the possibility that the landing won’t be soft, he said, adding, “at this point, we may soft land on the aircraft carrier, but the landing may be hard, and we may overfly.” . . #larrysummers ...