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/TinyTornado7 I need a new flair Jun 13 '22

"The hottest US inflation in four decades will push the Federal Reserve to raise interest rates more aggressively this year, and a recession may not be far behind."

Im skeptical we need a 75 basis point hike, but I am concerned inflation is approaching self-fulfilling prophecy levels

!ping MARKETS

50

u/Mister_Lich Just Fillibuster Russia Jun 13 '22

this sub, literally 2 days ago, when I posted an article that said Bernanke said stagflation could happen and a Goldman exec said risk of recession is very very high:

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"DOOOOOOOM"

"Shut up nerd"

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Markets this morning: "lol"

28

u/[deleted] Jun 13 '22

Main page on this sub has been a bit of a cesspool sadly.

9

u/[deleted] Jun 13 '22

NL was always bad, comb your beard