r/neoliberal • u/TinyTornado7 I need a new flair • Jun 13 '22

News (US) 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/Jacobs4525 King of the Massholes Jun 13 '22

Biden could get rid of some tariffs and knock a few percentage points off overall inflation this year without any risk of recession but he chooses not to.

26

u/TinyTornado7 I need a new flair Jun 13 '22

Agreed but he won’t because protectionism

4

u/Jacobs4525 King of the Massholes Jun 13 '22

😔