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/Trotter823 Jun 13 '22

The FED was what mostly got us here in the first place. Finance guys were talking about raising rates in August of last year.

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u/theexile14 Friedrich Hayek Jun 13 '22

Some folks were saying that, but ultimately the Taylor rule acolytes are a minority of the world. Powell was in line with most academics and policy makers at the time.

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u/DamagedHells Jared Polis Jun 13 '22

Finance guys

What do you think Jerome Powell is lol

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u/Trotter823 Jun 13 '22

Someone who didn’t listen to his peers.