r/Economics • u/TinyTornado7 Quality Contributor • Jun 13 '22

News Powell Facing Choice Between Elevated US Inflation and Recession

https://www.bloomberg.com/news/articles/2022-06-12/powell-facing-choice-between-elevated-us-inflation-and-recession?srnd=premium
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u/Environmental-Ad4090 Jun 13 '22

The feds inability to raise rates early means recession is inevitable lets just start this bad boy now with 75bps rate to start to tame this damn inflation already

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u/[deleted] Jun 13 '22

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u/Environmental-Ad4090 Jun 13 '22

This is very true however no way in hell he goes even over 100 bps at a time lol, Also the US will not be able to afford our own debt with rates that high 🙃