On Monday's broadcast of CNBC's "Closing Bell," Professor of the Practice of Economic Policy at Harvard University and the Harvard Kennedy School Jason Furman, who served as Chairman of the Council of Economic Advisers under President Barack Obama and on the Council of Economic Advisers and the National Economic Council under President Bill Clinton, argued that the most likely economic scenario is a mild recession that doesn't solve inflation, "and we need to have another go at the whole thing." Furman also said that continuous "uncomfortably high" inflation is more likely than a recession that solves inflation or avoiding a recession while solving inflation, something he thinks has "at best, about a 10% chance" of happening.