Top former U.S. economic leaders, Gary Cohn and Lawrence Summers, raised red flags about the nation’s fiscal trajectory, the challenges of balancing monetary policy and the global context of U.S. debt. However, they Summers says economy is “remarkably resilient.”

Speaking at the 2025 Mortgage Bankers Association‘s Annual Convention and Expo, Cohn and Summers also credited the resilience of the American economy.

On a panel Monday, Summers, a former U.S. Treasury secretary, said the U.S. economy remains “remarkably resilient” and is unlikely to fall into recession soon, but he cautioned that inflation remains above the Federal Reserve’s 2% target. He also details ⇒

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