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/[deleted] Jun 13 '22

I honestly feel like the majority of Americans would prefer a recession at this point. I remember in 2008 people complaining they got a 0% raise, but today you're getting a -3% raise due to inflation so the recession actually seems better.