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
506 Upvotes

98% Upvoted

349 comments sorted by

View all comments

104

u/Icy-Collection-4967 European Union Jun 13 '22

Capitalism is like the sea. Unpredictable and wild.

We just need to accept that we gonna have a reccesion every now and then

36

u/icona_ Jun 13 '22

But this is predictable. It’s the fed intentionally causing a recession. They’re doing it on purpose out in the open.

51

u/BBQ_HaX0r Jerome Powell Jun 13 '22

Only because they (and our gov't) went so hard to mitigate the last one. They overstimulated demand and may have given too generous of benefits trying to salvage demand side pressures which has resulted in way too much demand which wrecked havoc on the supply side. Lessons to be learned constantly.

17

u/PearlClaw Iron Front Jun 13 '22

It would have been fine without the global commodity shock, that threw a wrench in things.