Larry Summers: 'Fed will in the end have to suffer through a recession’ to bring inflation down
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Unnecessary! Inflation, over the last five months, is running at a 2.4% annual rate with no indication it will re-accelerate in a weakening economy. It can stop here & engineer a soft landing, instead. Would be preferable. This is NOT the 1970s! Declare victory, depart the field!
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The Fed is now in charge of the boom / bust cycles of the economy, not the organic business or economic cycles of the past. They’ve caused a massive boom and are now creating the bust……providing another great opportunity in the months ahead for those that r aware 🙌🏼
Yes. No doubt, it’s the Fed which truly suffers. Not actual people.
So out of touch as to be comical.
#EndTheFed
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Loved your Rush Limbaugh soubriquet. Angrier Mitchell.
Even I could end inflation by inducing a recession. What ever happened to the notion of precision soft landings?
Very disappointed in
He stands on the sidelines while Powell destroys the economy and peoples livelihood.
We better have better candidate for 2024.
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I have never seen the media with this big of a hard on for us to fail. Almost like you all want it or something.
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