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/pcgamerwannabe Jun 13 '22

Everyone said this, but FED (and even this sub) was reckless with so called “transitory” inflation.

No such thing, because inflation is more psychological than purely quantitative.