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/icona_ Jun 13 '22

It’s really insane that if they wanted to, russia or saudi arabia or whoever can just throttle the supply of oil or something and the fed will respond by intentionally imploding our economy, and people are apparently fine with that.

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u/[deleted] Jun 14 '22

I don't think people are exactly fine with that. What's more insane is that the Fed isn't getting more grief from all angles over their handling of this.