03/18/2010 05:12 am ET Updated May 25, 2011

Larry Summers: Cutting Unemployment Could Take Years

"Addressing 10.2 percent unemployment is a matter of very great urgency. It is not something that is going to be fixed in a week, or a month, or a year," Summers said in after-dinner remarks for a conference on innovation and the economy sponsored by Intel Corp and the Aspen Institute.

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