Obviously the board's slowest doesn't listen to much of anything.
Sunny
whats this? Biden economy and inflation so bad Fed has to react
The Fed now has no choice but to push the US into a 'hard landing' recession to pull inflation down, strategist says
Jerome Powell testifies before the Senate Banking, Housing and Urban Affairs Committee on his nomination to become chairman of the U.S. Federal Reserve in Washington, U.S., November 28, 2017. Reuters/Joshua Roberts- The Fed has no choice but to push the US into a recession, TD Securities strategist Pirya Misra said.
- That's because strong data will force the central bank to remain aggressive and pull economic activity lower.
- Misra predicted rates would reach 5.25-5.75% this year, and a downturn could hit the economy by midyear.
In an interview with CNBC on Friday, Misra warned that the economy could tip into a downturn by mid-year due to the threat of rising interest rates. Already, central bankers have raised rates 450 basis-points over the last year to take down inflation, a move that threatens to overtighten the economy into a downturn, experts warn.
The Fed now has no choice but to push the US into a 'hard landing' recession to pull inflation down, strategist says - NewsBreak
The Fed has no choice but to push the US into a recession, TD Securities strategist Pirya Misra said. That's because strong data will force the central bank to remain aggressive and pull economic activity lower. Misra predicted rates would reach 5.25-5.75% this year, and a downturn could hit the...
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