IE 11 is not supported. For an optimal experience visit our site on another browser.
  • UP NEXT

    IRC’s Elias Abu Ata: ‘The needs are immense’ in Syria and Turkey after 7.8 magnitude earthquake

    05:59
  • Rep. Himes: ‘Brazenness’ of Chinese surveillance balloon over United States is ‘unusual’

    07:06
  • Jeremy Bash: Surveillance balloons can serve as a ‘proverbial unblinking eye over a target’

    05:54
  • Douglas Holtz-Eakin: Moderation in wage growth is ‘good news story’ for the Fed

    06:25
  • Rep. Mike Gallagher: I don't think China would hesitate to shoot down a U.S. asset in their airspace

    06:33
  • John Brennan: Secy. Blinken’s Beijing trip postponement sends a ‘clear signal’ to China

    06:58
  • Sen. Murphy: ‘We want to get Ukraine everything they need, but we can't deplete our own stocks’

    03:23
  • Mitch Landrieu: ‘A piece of the soul of the country died’ with Tyre Nichols

    05:38
  • Republicans vote to remove Rep. Omar from Foreign Affairs Committee

    00:58
  • Hunter Biden requests investigation into Trump allies over alleged theft of laptop data

    02:36
  • ‘Greatest of all time’ Tom Brady retires after ‘unparalleled’ 23-year career

    02:54
  • Marc Morial calls on U.S. to ‘elevate’ conversation over police reform amid Nichols’ memorial

    10:29
  • Biden attorney says no classified documents found at Rehoboth home

    03:27
  • Richard Haass: Situation on the ground in Israel ‘likely to deteriorate’

    05:35
  • NY prosecutors escalate probe into Trump $130k payment to Stormy Daniels

    09:52
  • Former FDNY EMT: First responders ‘highly culpable’ for Tyre Nichols’ death

    02:00
  • Masih Alinejad: Biden administration negotiates with ‘the same murderers’ as they’ve sanctioned

    03:06
  • Ukraine top prosecutor: Russia needs to be held accountable for 'more than 65,000' war crimes

    05:46
  • Nichols’ family attorney Ben Crump: False narratives of traffic stop are ‘attempts at conspiracy’

    10:59
  • Harry Litman: Nichols footage, 'over twice as long' as Rodney King, will feel like 'an eternity'

    09:35

Larry Summers: 'Fed will in the end have to suffer through a recession’ to bring inflation down

02:45

The Federal Reserve is signaling there are more interest rate raises to come, after raising the interest rate for the seventh time this year, stoking fears that they could tip the economy into a recession. Former Clinton Treasury Secretary Larry Summers joins Andrea Mitchell to discuss. “My guess is that the Fed will in the end have to suffer through a recession, if we're going to bring inflation down,” says Summers. “We’re not stopping inflation for the sake of stopping inflation or stopping inflation for the sake of higher incomes for people in terms of purchasing power,” he explains. “And we're stopping inflation for the sake of avoiding worst recessions and worst economic instability, down the road.”