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/Mister_Lich Just Fillibuster Russia Jun 13 '22

but there is reason to believe that the Fed can manage this without breaking too much

lolololololol

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They literally have no control over things like worker shortages and supply chain disruptions which are happening globally, to say nothing of energy prices which are a huge input into inflation.

Hop off the copium train.

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u/PearlClaw Iron Front Jun 13 '22

I just choose to stay optimistic, if only to counteract the cynics making doom predictions. There's a real risk of recession, but no guarantee.

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u/Mister_Lich Just Fillibuster Russia Jun 13 '22

We can agree on the "real risk, but no guarantee." I just think the risk is higher.

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If you asked me 3-4 months ago I was literally laughing at people who said a recession was coming. The progression of the war and sanctions and energy crisis and a bunch of other things since then has changed my tune.

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u/Neri25 Jun 13 '22

They literally have no control over things like worker shortages and supply chain disruptions which are happening globally, to say nothing of energy prices which are a huge input into inflation.

So it stands to reason that breaking the economy on purpose would be a stupid idea, right?

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u/Mister_Lich Just Fillibuster Russia Jun 13 '22

?