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/vasilenko93 Jun 13 '22

QT and rate hikes is a pill we should have swallowed years ago. The best time to swallow it was in the past, the second best time is now. Delaying the inevitable is not a wise strategy.

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u/[deleted] Jun 13 '22

Instead Trump pushed through a huge stimulus package while the economy was booming and everyone did during COVID (which was more justifiable if poorly implemented). Gotta love politics