Watch Clip Summers Was Right About Inflation. What About a Recession? 16m 18s The senate is expected to vote this week on the climate and healthcare bill known as the Inflation Reduction Act. A group of top economists has penned a letter praising the bill, saying it will lower prices for American consumers. Larry Summers agrees – and even helped convince Sen. Manchin to support it. Summers speaks discusses this bill and how to fight inflation without triggering a recession.